Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In my article of 5 June 2021, I made the assumption (like many others) that it was Shard Capital (which is the only listed secured creditor at Companies House) who had appointed administrators at Iconic (ICON). I apologise to Shard because it was, as newly filed documents at Companies House reveal, Arch Capital Partners LLP who appointed the administrators. If you look at the filings for Arch Capital at Companies House, you find that its two members are David Sefton and Sefton Management Limited.
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