Background
The Serious Fraud Office, together with the City of London Police, is currently investigating the affairs of Torex Retail plc (now in liquidation).
Torex Retail plc employed approximately 3000 people globally, with its headquarters based in Banbury, Oxfordshire. The company, which was floated on the Alternative Investment Market in February 2004, was well-known for developing software for the retail and hospitality sectors. It offered touch screen cash registers and other solutions, services and productivity tools worldwide, including to big chain supermarkets, bars and fast food outlets. Between 2004 and 2006 the company embarked on a radical expansion programme by acquiring a number of rival companies.
The investigation was prompted by allegations of fraud by a number of senior executives, referred to the Serious Fraud Office in January 2007. Torex Retail plc was put into administration on 19 June 2007.
Updates
Update as at 15 May 2012
The trial of Mark Woodbridge, Christopher Moore, Robert Loosemore and Nigel Horn is scheduled to begin on 18 March 2013 at Oxford Crown Court.
Update as at 9 May 2011
Today, 9 May 2011, Christopher Moore was charged with offences in connection with the collapse of Torex Retail Plc.
He will appear at Banbury Magistrates Court on 13 May 2011.
On 4 May 2011, Robert Loosemore, Mark Woodbridge and Nigel Horn were charged with offences in connection with the collapse of Torex Retail Plc.
They will also appear at Banbury Magistrates Court on 13 May 2011.
Update as at 18 February 2011
At Oxford Crown Court today, Edwin Dayan and Christopher Ford were sentenced to 12 months imprisonment and six months imprisonment, suspended for two years respectively. Further information can be found on the press release.
Investigations continue into the wider collapse of Torex Retail plc and do not relate to the ongoing business of Torex Retail Holdings Limited and its subsidiary companies.
Update as at 19 January 2011
At Oxford Crown Court today, Edwin Dayan and Christopher Ford were convicted of defrauding the shareholders of Torex Retail Plc. Further information can be found on the press release.
Update as at 15 July 2010
The trial of Edwin Nessim Dayan (D.O.B. 9/12/52) and Christopher Mark Ford (D.O.B 7/11/63) has been scheduled for 8 November 2010 at Oxford Crown Court. It is anticipated to last approximately six weeks.
Investigations continue into the wider collapse of Torex Retail plc and do not relate to the ongoing business of Torex Retail Holdings Limited and its subsidiary companies.
On Tuesday 26 January 2010, two individuals were charged with offences in connection with the collapse of Torex Retail plc. Further details can be found on the press release issued.
On Wednesday 21 March 2007, the SFO together with the City of London Police conducted a number of further searches at residential addresses in Gloucestershire and Warwickshire, in addition to a search at business premises in Banbury.
On Tuesday 30 January 2007, the SFO together with the City of London Police conducted a search at a second residential address in Oxfordshire, whilst a separate search was conducted at a residential address in Warwickshire.
On Monday 29 January 2007, the SFO together with the City of London Police conducted a search at a residential address in Oxfordshire.
