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Article: Montague gets bankruptcy petition
- Article from:
- The Independent (London, England)
- Article date:
- September 16, 1994
- Author:
CopyrightCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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ROBERT MONTAGUE, founder and chief executive of the ailing
trailer rental group Tiphook, is facing a personal financial crisis
after Royal Bank of Scotland filed a bankruptcy petition against
him yesterday for almost pounds 2.3m.
If RBS succeeds in making Mr Montague bankrupt he will be forced
to resign as a director of Tiphook, putting in jeopardy the
company's recovery plan under incoming chairman Ian Clubb.
The petition is for pounds 2,296,176.03p. The sum is part of a
much larger amount of personal borrowing from several banks by Mr
Montague, and relates to his 1,300-acre Pusey estate in Faringdon,
Oxfordshire. Mr Montague bought the estate, which includes a
magnificent Georgian mansion, ...