Britain's biggest property management firm and others owned by Vincent Tchenguiz have gone into administration. Peverel Limited, Peverel Group Limited, Aztec Opco Developments and Aztec Acquisitions are all under the care of Administrator Zolfo Cooper. The firms' collapse follows the arrest and questioning of Tchenguiz by police earlier this month and, according to the Financial Times Bank of America, Merrill Lynch has asked the group to repay a loan of £125m.

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