Unfairpak Forum - How Farepak Stole Christmas

Disqualification of "FAREPAK" Directors
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Author:  robnick [ Tue Feb 15, 2011 3:42 pm ]
Post subject:  Disqualification of "FAREPAK" Directors

Thought I would place this here and in the farepak section.

Directors disqualification proceedings commence against the 'Farepak' Directors

Feb 15 2011
European Home Retail Group plc, Farepak Food & Gifts Ltd

On 26 January 2011, following a long and complex investigation by The Insolvency Service, on behalf of the Secretary of State for Business, an application was made in the High Court of Justice, London, for disqualification orders to be made against the following directors in relation to their conduct as directors of European Home Retail Group PLC (“EHR") and/or its subsidiary Farepak Food & Gifts Limited (“Farepak”):

Stevan Lloyd FOWLER
Neil Duncan GILLIS
Stephen Matthew HICKS
Joanne Elizabeth PONTING
William Peter ROLLASON
Sir Clive Malcolm THOMPSON

The application was made in the public interest on the grounds that the conduct of each director in relation to the relevant company or companies makes him or her unfit to be concerned in the management of a company.

Business Minister Edward Davey said:

“Cases like Farepak are often very complex and complicated so take time - but we can confirm that High Court proceedings seeking disqualification orders have now started."

Farepak, a subsidiary of the EHR Group, operated a Christmas savings club whereby savers placed orders, primarily for shopping vouchers and Christmas hampers for which they paid in advance in weekly instalments.

On 13 October 2006, Farepak entered administration and was later placed in creditors’ voluntary liquidation. On 13 October 2006, EHR entered administrative receivership and a winding up order was subsequently made against that company.

Long and complex, but confidential, enquiries pursuant to section 447 of the Companies Act 1985 were conducted into the failure of the companies by Company Investigations, part of the Insolvency Service, which carries out confidential enquiries on behalf of the Secretary of State for Business, Innovation & Skills.

Author:  Victim [ Wed Feb 16, 2011 10:04 am ]
Post subject:  Re: Disqualification of "FAREPAK" Directors

Just seen that on tv :D

Author:  suzy [ Wed Feb 16, 2011 12:03 pm ]
Post subject:  Re: Disqualification of "FAREPAK" Directors

oh is it on TV - off to check out :)

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