Former Welbeck Group managing director Greg Knight has been declared bankrupt.
The group, which includes Welbeck Consulting and Welbeck Wealth Management, was placed into administration in March 2014.
In August 2014, Money Marketing reported administrators ReSolve were seeking £1.2m in pipeline commission from Welbeck’s network Caerus.
According to the individual insolvency register, Knight was declared bankrupt on 1 July at the High Court. The order will be lifted on 1 July 2016.
It describes Knight as a “self-employed business developer” and former managing director of Welbeck Group.
A statement of affairs from ReSolve last year listed Openwork and Metro Bank as creditors of Welbeck.
Openwork was owed £877,000, while Metro Bank was owed £1.5m. Money Marketing understands the Metro Bank loan was secured against a personal guarantee from Knight.
Caerus chief executive Keith Carby is a non-executive director at Metro Bank.
Metro Bank and ReSolve declined to comment. Openwork did not respond to a request for comment.