Loss adjuster Miller Fisher in receivership

THE UK firm of loss adjusters, Miller Fisher, has gone into receivership after losing contracts with several insurers and over-spending on a new IT system. The group, which has a turnover of �45m, made a pre-tax loss of �17m last year and posted a loss of �3m the year before. It is looking for a buyer for its Irish subsidiary, which continues to trade profitably. Likely candidates include the outsourcing company, Capita. The announcement puts 800 jobs in doubt, although no firm statement has been made yet. Partners from accountancy firm Deloitte & Touche have been appointed joint administrative receivers for the group, which is listed on the London and Dublin stock exchanges. Outside the UK Miller Fisher operates out of a diverse set of countries including Dubai, France, Hong Kong, Singapore, Austria, Venezuela and Ireland.