Andrew Seymour, chief executive of Optoma Mortgage Services, has revealed he has lost £2m to the business as a result of the recent liquidity crisis.
Seymour told of his personal loss in an exclusive interview with Mortgage Strategy.
This morning Optoma revealed it had made 30 staff redundant, bringing the workforce down to 10 employees.
The packager made the jobs cull so as it shut down its Leatherhead office – the second last of four to close.
Seymour says: “We’re hanging on but times are obviously tough. I feel like the owner of a mine who’s shutting it down – even the sandwich guy who used to come to our offices is suffering as a result of the liquidity crisis.”