Insolvency proceedings against Fone Solutions ground to a halt this week amid accusations that creditors are making fictitious financial claims against the company.
Former Fone Solutions MD Nick Underwood-Lea is accusing some of Fone Solutions’ creditors of submitting false invoices.
His accusations were made shortly after a meeting of creditors, held at the Office of the Official Receiver in Newcastle, was adjourned until next week after objections were raised about the amount of debt claimed by some of Fone Solutions’ creditors.
Underwood-Lea told Mobile: ‘People are putting in fictitious invoices. Some people are making up fictitious amounts of money with nothing to support those claims. So the Chair of the meeting has asked them to come back with evidence to back up their claims.’
Underwood-Lea attended the meeting alongside a number of Fone Solutions’ creditors, which included a representative from Vodafone Partner Services.
The meeting had been called in order to appoint a liquidator. The adjourned meeting will now take place on 16 November.
Underwood-Lea said: ‘If we hadn¹t attended the meeting these proceedings could have gone ahead with these claims unchallenged.’
A spokesman for the Official Receiver told Mobile: ‘The meeting was adjourned and put back until next week so that a number of creditors can substantiate their claims by providing documentary evidence of those claims.’
Fone Solutions was placed into compulsory liquidation in August following a winding up petition issued by Redress Financial Management in May this year.
Fone Solutions was dropped by Vodafone shortly after the winding up order was issued. The operator cited concerns about Fone Solutions’ financial stability as the reason for dropping the company.