The trial of three former directors of failed UK company
Insurance began today at Southwark Crown Court.
The collapse of the Indie, which went into liquidation in 2001, had a major
impact on the UK general insurance sector, leaving policyholders, brokers and
the company’s own staff in dire straits.
The company’s former finance director, Dennis Lomas, former chairman Michael
Bright and former deputy managing director Philip Condon have all been charged
with conspiracy to defraud between 1 Jan 1997 and 17 June 2001.
The original trial date had to be pushed back by two weeks due to
administrative issues, but the outcome of the case will be keenly followed by
the insurance sector.
Sister titles to Accountancy Age, Post Magazine, Reinsurance
Magazine, Professional Broking and Insurance Age have established an online
service dedicated to the forthcoming trial.
Check the site out now at
and sign up for regular bulletins on the case as it progresses.
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