The Stanley Gibbons and Baldwin’s office on the Strand, London.
Stamp and coin dealership Stanley Gibbons Group is due to receive £850,000 to resolve “all outstanding claims involving certain former directors of Mallett”, it announced on June 14, writes Laura Chesters.
In May 2017 the company updated investors and said that “Henry Neville, a New York-based former director of Mallett, was sentenced to two years’ probation and ordered to pay US$160,000 in restitution… following the sentencing of Mr Neville, the group is now pursuing the remedies available to it for recouping the losses suffered as a result of these matters.”
In the June 14 statement it said the matter has now been brought to a “full and final conclusion”.
Stanley Gibbons Group has been restructuring since Harry Wilson took over as chairman in May 2016 with a focus on reducing its debts.