[ad_1]
4 folks have been arrested in relation to the collapse in 2021 of Scottish grain service provider Alexander Inglis & Son.
Responding to an inquiry from Farmers Weekly concerning the enterprise, a Police Scotland spokesperson mentioned: “Three males aged 48, 49 and 75 years, and a 76-year-old lady have been arrested in reference to a fraud following a police enquiry regarding a enterprise registered within the Ormiston space of East Lothian.
“A report can be submitted to the Procurator Fiscal.”
Directors have been appointed in Might 2021 at Alexander Inglis & Son, with farmers making up greater than a 3rd of the 166 unsecured collectors owed greater than £6m by the corporate, based on the preliminary directors’ report printed on 7 July 2021.
See additionally: Report reveals devastation of grain commerce failure
The newest directors’ report (Might 2023) estimates a most potential payout of about £600,000 for unsecured collectors, which leaves them dealing with receipts of lower than 10p within the pound owed.
Among the many farmer collectors, 23 companies have been owed greater than £50,000, and their claims alone totalled £2.924m. A number of have been owed greater than £100,000 and a few greater than £200,000.
Based in 1950, the corporate had been run by former Scotland rugby captain Jim Aitken since 1985 and was a giant provider to the whisky and distilling industries. It owned 5 massive grain shops throughout jap Scotland and the Borders, a few of which have since been bought.
Draft accounts for the 12 months to 31 December 2020 confirmed a turnover of £105m.
[ad_2]
Source link
