Financing deals relating to high-end vehicles are among the creditor declares anticipated to lose out following the liquidation of a West Yorkshire digital marketing company, brand-new files have actually exposed.
Liquidators from OHaras Ltd were designated to Elland-based Reactiv Media on 8 April 2016 and remain in the procedure of winding the business up.
A statement of affairs prepared and signed by director Tony Abbott has actually now been filed detailing the approximated result for creditor claims which completed pound; 2.4 m at the date of the liquidators appointment.
Of that sum, pound; 64,111 associates with the expected shortfall on financing deals for a Bentley Continental, a Porsche Cayenne and a BMW 118i. Trade and cost lenders stand at pound; 659,934, while HM Revenue amp; Customs has actually claimed for pound; 937,005.
There is no certain reference of the pound; 75,000 owed to the Details Commissioners Workplace after Reactiv Media was fined for unsolicited marketing calls to people who had actually signed up with the Telephone Preference Service to decide out of getting telemarketing calls.
The original fine of pound; 50,000 in 2014 was enhanced by pound; 25,000 the following year after an unsuccessful appeal and has actually not yet been paid.
Abbott, who developed Reactiv Media in 2007, established a new company called Flip It Marketing in September, according to a filing at Business Home.