Farepak parent company owes £80,000 to directors
Three ex-directors at Farepak parent are owed £80,000 according to PricewaterhouseCoopers
The former directors of European Home Retail (EHR), the parent company of
collapsed savings club Farepak, are still owed just under £80,000 according to
Former EHR chief executive William Rollason, former finance director Chris
Hulland, and Sir Clive Thompson, the former chairman, are all owed money.
However, the directors are unlikely to see a penny of the £80,000. Group bank
HBOS is still owed £32m and Farepak is owed more than £54m. The sale of EHR’s
non-Farepak subsidiaries for £34m in October 2006 will not cover all the debts.