MRO goes into liquidation.....

In June 2007 another MRO (medical reporting organisation) went into administration. IMS, which was incorporated in 1996 and suffered an aborted stock market float, started to get into trouble when one of its main customers started to look elsewhere and its creditors began to sue in the countycourts.

Medical expert witness creditors have been left without payment of fees, to the tune of an estimated £4 million. This is in addtion to £1.3 million owed in litigation costs, £0.25 million lost in the aborted stock market floatation and £6.8 million owed to the Icelandic bank.