A missing BMW belonging to failed Nottinghamshire fit out firm Paragon Interiors has been recovered by administrators and sold at auction. The firm, which was set up by former Notts County owner Alan Hardy, went into administration back in February 2019, with all staff being made redundant - 90 jobs were lost as a result.
Estimated preferential claims totalled £195,385, while uninsured creditors were found to have estimated claims above £13 million. The company eventually settled its debts for £1.2m. In a statement by the liquidators of the company released on April 27, 2022, it was revealed that a motor vehicle - a BMW - had been reported to the police as missing and possibly stolen during the administration process.
This BMW has now been found and sold at auction. The report states: "As previously reported a vehicle, a BMW, had been reported to the police as missing, possibly stolen. During the period of this report, the BMW has been located, collected and sold at auction by our agent, Auctus Ltd. The gross proceeds of the auction sale of the BMW, was £1,450 plus VAT in sales commission, £166 plus VAT in preparation, porterage, catalogues and advertising, and incurred disbersements of £850 per VAT."
