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Article: Liquidators find pounds 11m for Accident Group creditors.(Business)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- October 12, 2005
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Byline: BY SOPHIE FREEMAN
LIQUIDATORS of The Accident Group have recovered pounds 11m from the collapsed personal injury firm, it was revealed yesterday.
The company went into administration in May 2003, leaving 2,500 workers redundant and owing more than pounds 100m to former staff and creditors.
Staff at The Accident Group were told of their jobs loss by text message. Meanwhile, chairman of the group, Mark Langford, was reportedly sitting on a pounds 75m personal fortune in his luxurious Cheshire mansion.
Since his appointment in January 2004, joint liquidator Paul Stanley, a partner at Begbies Traynor, said investigations had ...