The business left behind after the sale of online fashion brand In The Style has outlined plans to enter liquidation.
Itsarm plc is the cash shell that remained listed on the London Stock Exchange's AIM after the operating company was sold to a private equity firm for £1.2m in a bid to avoid administration.
The listed entity said that while it received net proceeds of around £500,000 from the deal, it has no income and continues to incur operating expenses including the costs of having to remain an AIM-quoted company.
