David Stanley Redfern Ltd Faces Court Petition to Wind Company Up

Directors of the company David Stanley Redfern Ltd are to appear in court on Wednesday on a petition to wind the company up. Last year and the year before, David Stanley Redfern Ltd became quite a name in the overseas property industry, but began to fade into the background in the latter part of last year.

View details of the petition to be heard in the High Court of Justice.

HM Revenue and Customs are apparently a creditor of the firm, who have obviously exhausted all other avenues of obtaining the money they are owed. A similar story is told by our own Liam Bailey, who worked for the company before being made redundant last year, he said:

"Yes, myself and several others, including my fiancé were made redundant very suddenly. There was a big rouse whereby the director David Redfern said we would have to relocate from our home in Scotland, to the office in Nottingham (most of the staff worked from home around the UK), or face redundancy. We were clearly expected to say no, because when we said yes all our phone lines from the company went dead, and after demanding an explanation by email I got a redundancy pdf explaining how financial difficulties were behind it.

I stayed in touch with some of the other staff who received the same treatment, and when none of us received our final salary we took him to an employment tribunal jointly. We were awarded the money but he has yet to make any attempt to pay up. Me and my fiancé are only owed about £900, some of the others are owed a lot more. But now you see the same people trading as DSR Asset Management, bragging about their international researchers sourcing out the best deals in overseas property, as though they are big shots, it's a joke.

The funniest thing was the fact that our redundancy notes ordered us to send back all company equipment using their UPS account, which had been terminated, we then paid for the postage on the promise it would be added to our final salary, which we have yet to be paid."

Liam said that if the directors are ordered to wind the company up then some of the creditors will be able to obtain the money they are owed through the government. So he is hoping the petition goes through for more than one reason. We will be posting the verdict as soon as it is known.