20/07/2015
NEWS STORY
Court documents reveal that Lotus has 27 "unsatisfied judgments" worth £561,408.
According to the Daily Express, County court records in Witney, Oxfordshire, reveal that the Enstone based outfit has satisfied four of the judgements totalling £63,063.
In total there are 27 "unsatisfied judgments" worth £561,408, the largest being £132,816 and the smallest just £97. The most recent being for £1,571 on July 10.
Earlier this month, the Genii Capital controlled company was hit with a High Court winding-up petition from a creditor, Registrar Briggs adjourning the hearing for two weeks to allow the team time to find a resolution.
Indeed, it is claimed that at the eleventh hour Lotus has reached an out of court settlement with gearbox component manufacturer Xtrac which was behind the winding-up petition.
Accounts show that in 2013, Lotus made a £64.9million net loss on revenues of £92.7million.