In a move that may well be connected with a forthcoming sell off of Firstport Insurance Services, formerly known as Kingsborough, Nigel Howell has resigned his directorship. Stuart Muncer a 38 year old accountant has been brought in as a new director.
Another director Stanley Neave was brought in last year. he is also a director of Trilliam Holdco, a company with liabilities of 93m pounds and a net worth of -20m pounds. They have a notice to strike off in the London Gazette.
Possibly Mr Neave is not the most appropriate director for an insurance agent that holds client funds?
Kingsborough was set up in reality to act as an act of separation in order to channel service charge funds to the owner.
The majority of their work came from self appointment and much of this work is now being handled by E&M. Currently Firstport Insurance Services employ 10 people.
Another matter of great concern is the previously unknown decision to raise the excess for insurance claims from 500 pounds to 1,000 pounds.
