Controversial charity agency boss Chris Stoddard has found himself in hot water yet again after reports that liquidators for one of his business failures CS Incentive – which went into liquidation over five years ago – have started pursuing him for more than £226,000.
The move comes just over a year after liquidator MET Bowen gave up the ghost on chasing more than £1m from Stoddard over the collapse of previous ventures – including CSDM Fundraising, Listening People and Cleardata Media – after concluding that action would not be commercially viable.
Now a statement from liquidator Smith & Williamson, which has been published on the Companies House website, shows that Stoddard is being asked to repay £226,386 relating to an overdrawn director’s loan account and “unexplained legal and professional fees” for CS Incentive.
The report says that Stoddard’s solicitors dispute the claim, and there has been no response to attempts to organise a meeting between the two parties.
Stoddard’s companies have specialised in managing direct mail fundraising campaigns for charities which do not have the internal resource to do it themselves.
However, in 2010 Stoddard’s company CSDM went into administration, leaving some creditors unpaid. Its assets were acquired from the administrators by his next company, CSDM Fundraising, which also went into administration, in 2013, again leaving some creditors unpaid.
According to Companies House, of the 21 director roles Stoddard has held, four of the companies are in liquidation and eight have been dissolved.
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