In the light of the financial difficulties and apparent closure of First Solution Money Transfer Ltd. in June 2007 Companies Investigation Branch ('CIB') of the Insolvency Service appointed investigators to examine the facts of the case. This investigation is continuing. CIB investigations are confidential and do not result in a publishable report. However, CIB can use the information in a number of ways, for example, to seek to disqualify any directors shown to be unfit to run limited companies or to pass information to a criminal prosecutor or other regulator for action as necessary. It can also petition the court to wind up the company compulsorily and such a petition was presented to the High Court on 2 August. The court has fixed 7 November 2007 to hear that petition. In the meantime the official receiver has been appointed provisional liquidator to preserve and protect remaining assets.