This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

Carron faces third business failure in three months 13 August 2010

His company, Comment Technologies has now entered liquidation, making it his third business to fail in the last three months.

Comment Technologies, which until recently counted Carron as a director, was developing social networking software for businesses when creditors appointed Simon Bonney and Peter Holland-Hughes of RSM Tenon as joint liquidators.

RSM Tenon is currently marketing the company’s software for sale and will be working with the liquidators of the other two companies to investigate the activities of Comment Technologies Ltd and identify the cause of its failure.

Simon Bonney, recovery director of RSM Tenon, said: “We are currently realising the assets of the business and conducting an investigation into the company’s affairs.  It’s too early to say for sure, but initial indications suggest that the amount owed to creditors will total several million pounds.”

Carron is also currently under police investigation for alleged fraud following the collapse of his investment firm Primrose Associates.

He was a senior partner at St James’s Place (SJP) until his resignation in February. Carron sold authorised investments to SJP clients, but it has now been claimed that he used his credentials to peddle other schemes not authorised by SJP. 

Under the banner of 'Primrose Special Projects Investments', Carron marketed bonds allegedly backed by European property ventures and promising returns of ten per cent a year.

But the investments appear to have been processed by Carron through a string of his own businesses, including Primrose Associates and Evaluate Technologies. Both businesses have been liquidated at the police are investigating. 

John Kelmanson partner at KCBS who is acting as liquidator for Primrose has said it was unlikely that client money would be returned.

 

 

 

 

 

blog comments powered by Disqus