Shropshire Fire Man Owed Soham Firm £800.000
WEBSITE EXCLUSIVE DEBT-RIDDEN tycoon Christopher Foster, who is thought by police to have killed his wife and daughter, before setting fire to his own mansion, owed a Soham company up to £800,000. As police announced three bodies have been discovered in
DEBT-RIDDEN tycoon Christopher Foster, who is thought by police to have killed his wife and daughter, before setting fire to his own mansion, owed a Soham company up to £800,000.
As police announced three bodies have been discovered inside the Foster family's charred Georgian mansion in Shropshire, it has come to light that the self-made businessman faced an acrimonious legal action brought by Soham-based company DRC Distribution Ltd.
As police painstakingly search for clues in the Shropshire countryside, the spotlight is now shining on Foster's complex business history.
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Five years ago, his company Ulva Ltd, signed an exclusive supply contract with DRC Distribution, based on the Regal Lane industrial estate in Soham.
which has a string of international clients and even supplied technology for the Athens Olympics
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After a protracted legal battle last summer, Foster's solicitors agreed to pay damages and legal costs of £800,000 to the specialist plastics company, after DRC discovered he was sourcing products from a cheaper supplier in California.
But when the time came for Mr Foster's former associates to recoup their money, Ulva Ltd was liquidated and its assets transferred to a holding company.
Foster later began trading under the name of Ulva International and DRC legally acquired Ulva's assets in October 2007.
Foster was described by a judge as being "bereft of the basic instincts of commercial morality."
A spokeswoman for West Mercia police said that until the bodies had been identified, they would not be delving into Foster's business dealings.
Mr Foster's body was found next that of his 49-year-old wife Jillian, who had been shot in the head, A third body is yet to be identified but is thought to be that of his 15-year-old daughter Kirstie.
The family pets - two dogs and three horses, were all found shot and police say although they are looking for nobody else in connection with the incident, it will be some time before they can piece together exactly what happened at Osbaston House in the early hours of Tuesday, August 26.
No-one from DRC Distribution - renamed Ulva Insulation Ltd - was available for comment.