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.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children