MP whistleblower is serial insolvency user

Finished IVA in 2007 - numerous failed companies

By Insolvency News, 26 May 2009. Posted in People

The Mail on Sunday reports that John Wick, the former SAS officer who blew the whistle on the MPs' expenses scandal, was discharged from an IVA in 2007 and has run a string of collapsed companies.

He set up his current firm, ISSL, a small City-based private security business, shortly after he was discharged from an IVA, in June 2007.

ISSL is involved in insuring against kidnap and ransom and in providing cover for ship owners facing the threat of piracy.
According to Companies House, Mr Wick has had 16 businesses dissolved since he set up his first company after leaving the Army in the mid-Eighties.

In 2006 four firms he ran were wound up with combined debts of nearly £5million. The biggest debtor was International Security Management Company, which owed £1.9million, including unpaid hotel bills, debts for computer equipment, the bill from his milkman and another £41.10 for 'fresh ground coffee'.

Comments What do you think?

  • Anonymous | 10:42 28 May 2009

    I wonder which one of the Daily Mail's MP friends ensured that the paper received this information? How petty to try to shoot the messenger when the message so urgently merited disclosure!

  • Robert Morris | 17:12 28 May 2009

    Was John Wick's whistleblowing an act of public service or does he need the money to avoid another IVA? With his background how was he able to get in a position where he got access to the information?

  • Nick | 13:24 3 August 2009

    John Wick's background is irrelevent. He did a great job exposing these corrupt MPs, who have cost us taxpayers far more than his business failures..

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