Saturday 29 April 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Exclusive: Worthington Shyster Allan Biggar facing homelessness as past business sins catch up with him

By Tom Winnifrith | Saturday 22 October 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Oh dear, oh dear. Don't tell the bulletin board morons on the LSE Asylum but the house of cards that is the fraud Worthington (WRN) is now collapsing faster than you can say "golden ticket". Already facing personal bankruptcy proceedings as we revealed here, disgraced Allan Biggar now faces the loss of his marital home as we can reveal today.

This is not to do with his Worthington woes but due to the collapse of his previous business All about Brands. The liquidator has just filed his latest report which you can read HERE.

It seems that Biggar and his Mrs owed AAB a stack of dosh which the liquidator is saying was removed in an unauthorised fashion and now must be repaid. Who would have thought that anyone involved in Worthington would show such poor ethical judgement?

You will note Note 2.15

"However I am disappointed that despite the agreement of terms, I have yet to receive the signed settlement agreement and paperwork to grant the charge over Mr and Mrs Biggar's matrimonial property. If there is no prospect of concluding this deal in early course then i will have no option but to look to commence proceedings to recover amounts due to the company."

Oh dear. Oh dear. I'd hate to think of poor Mr Biggar and his good lady wife losing their house as the snows of winter start to fall. Where shall we sleep asks Mrs Biggar? Allan replies that his pal Aiden says that the clubhouse at Banstead Athletic is going spare.

Oh dear, Oh dear. The woes of the Worthington shysters are starting to stack up are they not?


Filed under:


Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on WRN


Comments

Comments are turned off for this article.




Site by Everywhen