Evening Telegraph (First Edition)
Director’s firm goes into administration
A PROMINENT Dundee businesswoman today said she wanted to “draw a line” under her past after one of her firms went into administration.
Fordlane Limited, where Sally Cameron served as a director, is closing down after falling into debt.
The real estate company, based at Dunsinane Industrial Estate, filed for administration last month after “defaulting on banking facilities”.
Ms Cameron, also known as Sally Letley, runs Pavillion Properties in Bell Street with husband Paul Letley.
The Tele previously reported on how she was being pursued by Clydesdale Bank after £750,000 was mistakenly paid into an account belonging to her, and the bank was allegedly unable to recover the funds. A civil case is ongoing through the Court of Session over the payment.
Ms Cameron was married to property developer Gary Harper before the pair divorced several years ago. Today, she claimed that the administration of the firm had been a result of her separation with Mr Harper. She said: “Fordlane Ltd was part of a divorce agreement and the overdraft I had in the company allowed me to finally pay off my ex-husband and end all litigation.”
She said the firm was “never mine to start with, it was something I was only managing”.
She added: “What I will say is that the administration of the company has allowed me to draw a line under an episode in my life I so badly needed to end. We are working with the administrator to sell the remaining units in the company to clear the last of the bank debt and look to have this done within the next few months.
“I can now concentrate fully on my business with my husband Paul which goes from strength to strength every year.”
A spokesman for RSM Tenon said it was appointed joint administrators of Fordlane on May 16, adding Fordlane’s portfolio includes 16 residential properties and one commercial unit in the Dundee area. Fordlane has no employees and one current director, Paul Letley.
Paul Dounis of RSM said: “Whilst the company had a comprehensive portfolio in the local market, the company was unable to meet its financial commitments and therefore could not continue to trade.”