Gavin Hinks, Accountancy Age, Monday 5 July 2010 at 16:08:00

Vantis demise creates UK vacancy with international network

HLB International, the network left without a UK presence following theadministration and sale of Vantis, has revealed it is already in discussion withpotential replacements.

In a statement the network said it hoped to go further than find a firm tofill the hole left by Vantis and will work to set up a new "federation" of UKfirms.

Cheif executive Rob Tautges, said: "It is our highest priority to ensurestability in the UK and to protect our member firm interests. We have beenmonitoring the situation for months and are currently in discussion with severalprospective firms in the UK."

Tautges said talks with a number of firms across the UK were going well. Thenetwork is ranked number 17 among the world'sTop30 networks with revenue of around $1.7bn (1.1bn). This was down around 7%on the previous year.

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