Dream Lodge bosses face trial for wrongful trading
- Credit: Archant
The directors of a holiday park firm, which collapsed owing investors millions of pounds, will stand trial next year, accused of wrongful trading.
Walsham Chalet Park Limited, which traded as Dream Lodge, owned holiday parks across East Anglia, including in North Walsham, Bury St Edmunds and near Ely.
Investors bought lodges on the promise of a guaranteed return.
But last year the company went into liquidation owing 1,100 investors more than £19m - including millions of pounds for holiday chalets which were never built.
The former director, Simon Moir, was banned earlier this year by the Insolvency Service from running companies for 14 years.
Liquidator Deloitte has also raised a string of concerns about how the company, owned by the Moir family was run.
In their latest update, Deloitte said a case against the directors for alleged wrongful trading was listed for trial in November 2021.
You may also want to watch:
Wrongful trading is a civil, rather than a criminal offence, and can lead to fines.
- 1 Murder investigation launched after woman found dead following house fire
- 2 11 Norfolk cafés perfect for outdoor dining
- 3 Vision for multi-million pound new Norwich venue revealed
- 4 Child taken to hospital after being pulled from the sea
- 5 Thieves swam across river to steal paddleboards from new firm
- 6 Murdered Norfolk mum's bravery has helped family through their darkest days
- 7 Police reopen road following earlier crash
- 8 Be lord of the manor: Site of forgotten mansion for sale for £2.3m
- 9 In pictures: England fans enjoy Euro 2020 win at Norwich fan park
- 10 'Be responsible' - coastguard issues warning after seven-year-old is rescued from sea