Earlier in 2012 BBC Watchdog aired an investigation into Five Star Cars – after receiving numerous complaints from disgruntled consumers. The programme shone light on this car company which was fast becoming well known for all the wrong reasons; cars purportedly having passed MOT’s were found to be incredibly unsafe. The list of additional issues is too long to reproduce here (!), but the key point that grabbed my attention came a little later in the piece.
Namely, that Five Star Cars had been issued with County Court Judgments totaling more than £15,000:
Five Star Cars have racked up over £15,000 in unpaid County Court Judgments; £3000 of it is Ben’s money. But when a bailiff visited the Brentford site, Five Star said it didn’t have enough assets to pay Ben back. Ben was forced to sell the vehicle for scrap, losing him £2200.
How could Farepak continue to bank savers’ hard earned money knowing their full predicament? I can’t be the only person wondering at the time why no one was trying to protect the vulnerable savers who after the collapse of Farepak were left genuine victims of Christmas?
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BuyerProtect provides you with a Plain English report summarising the trading history, director reports, adverse information (if any) and any other valid points of note on the company activity and history. If a company has recently been issued with a CCJ and this is lodged with Companies House we will let you know; if a company hasn’t filed accounts for some time we will let you know; if the company shows heavy losses, insolvent shareholders’ funds or any other serious stress, we will let you know.
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