BusinessBusiness RecoveryFarepak cheques sent out to customers

Farepak cheques sent out to customers

BDO Stoy Hayward liquidators send out cheques to customers of collapsed hamper business

Liquidators from
BDO Stoy
Hayward
have sent out cheques to Farepak customers, three years
after the Christmas savings business collapsed.

Nearly quarter of a million pounds has been sent to 5,900 customers, reports
the Press Association.

The cheques were for customers who made payments on or after 11 October 2006,
following a court ruling.

However those who placed orders before that date are expected to receive just
5p in the pound. Claims worth £38m were made by 122,000 customers.

Farepak’s parent company European Home Retail went into administration in
October 2006.

Further reading:

Farepak investigation
complete

BDO and DTI to investigate Farepak
collapse

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