Mortgage Solutions understands that Leadbay is currently in the process of finalising details for its initial relaunch later this month.
The group’s imminent return to the industry will see it relaunch all its brands, including Leadbay and Add Momentum Innovations trading as MoneyHospital.co.uk, under the Mitchell Farrar Group, which bought the group’s assets after it collapsed last year.
Grant Stevens, managing director of Leadbay, will continue to head up the company.
Leadbay ceased trading on 23 December 2010, with all 21 staff made redundant with immediate effect.
Mortgage Solutions understands that creditors have not been paid back the money that is owed to them by the group.
The liquidator, Baker Tilly, is currently dealing with the situation, which could take six to 12 months to resolve.
