Woodford IM writes off £1m in loans owed to companies controlled by Woodford and Newman

Annual accounts

James Baxter-Derrington
clock • 1 min read

Woodford Investment Management has written off loans totalling just over £1m owed to companies controlled by Neil Woodford and Craig Newman.

According to the firm's annual accounts to 31 March 2023, the former investment manager of the former Woodford Equity Income fund had previously received advances from firms controlled by the pair. Woodford scheme of arrangement approved As of 31 March 2023, these had been written down to nil to "reflect the fact these will not be repaid". According to Companies House, both Woodford and Newman remain active directors of Woodford Capital, which, along with WIM, is registered at the same address as the now-aborted WCM Partners, which was dissolved within this accounting period. Wo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies