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Batten regroups Network 300 board to end wrangle

Network 300 director Chris Batten has extended an olive branch to ex-members in the wrangle over commission.

Batten has pulled together the old Group 300 board – except for Gary Blair – to finalise a peace summit with ex-Network 300 members in an attempt to bring an end to the dispute over commission owed. Ex-finance director Peter Garlick will attend the meeting with Lucy Russell, Mark Harvey and David Riches.

It is understood that commission totalling £2m is owed to members. The action group set up by ex-Network 300 members also says the network was undervalued at sale. Batten says Network 300 was valued at £12m but was sold by administrator BDO Stoy Hayward for £50,000 cash.

He says: “The ex-directors of Group 300 and Network 300 have agreed to work together to resolve the issues of Network 300 members.”

Network 300 action group chairman Darren Kempster says: “This is news to me. Prior to the liquidator being appoin-ted, we made offers to Batten to come and address the members and all of these have been ignored. This is all in the hands of the liquidator now.”

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