Finance

Addison Global owed creditors £17m including £2m Gibraltar tax bill

Ordinary creditors to go unpaid after operator's five-year investment plan collapsed

Addison Global was expecting up to £70m of investment that never materialised, the Gibraltar Supreme Court has heard. According to local news channel GBC, the firm’s initial business plan had included shareholder funding of £130m, but it only received £60m. The court also name-checked Addison Global’s main benefactor: US loan shop mogul Roderick Aycox of…

Addison Global | Finance

Latest