Council finance chief was director of firms which went bust owing £165k

  • 📰 nottslive
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 52%

Business News News

Business Business Latest News,Business Business Headlines

The councillor now in charge of finances at Nottingham City Council was a director of two companies that owed around £165,000 after going bust last year

The councillor now in charge of finances at Nottingham City Council was a director of two companies that owed around £165,000 after going bust last year. Following Labour's success at the local elections in Nottingham on May 4, the party chose to elect David Mellen as their leader again for the next four years.

The documents show that taken together, Wyncare and Wynspire owed creditors and shareholders £165,168.47 as of last August. For Wyncare, the total figure stands at £103,264.77, with around £25,000 of this being owed to the preferential creditors who are first in line when payments are distributed. Councillor Wynter was appointed to Robin Hood Energy in February 2020, before stepping down in the September of that year, with the company eventually going bust. A report later accused Nottingham City Council of "institutional blindness" for continuing to prop up the company, which it invested £43 million in.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in BUSİNESS

Business Business Latest News, Business Business Headlines