Creditors for The Accident Group (TAG) have put the company into liquidation, according to a report.

The decision, taken at a creditor's meeting, will leave directors of the group open to possible legal action, the report continued.

The report said the news came from Bryan Slater, of lawyer Slater Ellison, one of TAG's creditors. He said the meeting heard a creditors' voluntary liquidation would be sought in October, said the report.

According to the report, the administrator PricewaterhouseCoopers refused to confirm the decision, but has said it will give a full statement today.

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