Coronation Street star owed £736k by collapsed company
Coronation Street’s Kevin Webster, AKA actor Michael Le Vell, who owned 25% of Altrincham-based financial claims firm Ratio Money, is owed £736,000 according to a report by administrators Leonard Curtis.
The firm collapsed after its overheads doubled to £1m despite putting in another £250,000 of capital to keep the firm afloat. It made a pre-tax loss of £495,000 in the 10 months to December which left it unable to pay creditors. The report by administrators Leonard Curtis does not explain why the firm’s costs rose so sharply.
It has also emerged that shareholder Surrey-based entrepreneur Chris Lambourne, who controlled 22.5 per cent of the company and is owed £200,000 has bought back the goodwill, contracts and book debts of the company for £45,000.
Ratio was one of a number of firms launching on the back of what is known as ‘unenforceable credit agreements (UCA’s), an industry that saw many ex mortgage and loan brokers enter into on the promise of high returns. However recent rulings have brought the industry and many of the firms within it to their knees.
The administrators said it was unlikely that either secured creditors or unsecured creditors will receive any dividend.
