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Angry ARs petition Network Data in bid to win payment

Aggrieved Network Data appointed representatives descended on Botleys Mansion last week in a bid to retrieve money they allege is owed to them.

The 11 ARs turned up at the company’s headquarters in Chertsey to hand-deliver statutory demands for commission payments and attempt face-to-face negotiations with chief executive of Network Data Holdings Richard Griffiths and chief executive of Network Data Alex Cotton.

ARs travelled from across the country to make their voices heard on the alleged outstanding commissions, with one individual coming all the way from Torquay.

On arrival at the site a sign declared that the reception was closed.

Facing down rain, wind, and cold a spokesman for the group delivered a ’statement of concern’ that most of the ARs attending had signed.

The statement alleges they have had difficulty contacting Network Data, and the ongoing non-payment of monies due to AR firms has, it is understood, led to a number of firms issuing statutory demands for payment. Griffiths came to the main entrance only to let someone out of the building. He refused to address ARs’ concerns, saying only: “I won’t deal with you under these circumstances.” On outstanding commissions he said: “Alex deals with it.”

One member of the contingent had phoned the police ahead of the visit to make them aware of their intention to peacefully protest.

But the situation was brought to a close almost two hours after the ARs arrived when a police car arrived on the scene.

Finally a representative from Network Data, who only gave the name Mark, took the signed statement to deliver to Griffiths and Cotton.

One AR says: “It is sad that it should have come down to this. The last time I came here was my induction course. We got the tour, were shown how wonderful everything is. Today they won’t even let us in – paid-up members of Network Data.”

In a later statement to Mortgage Strategy, Griffiths says the events on Wednesday had been referred to his legal team and the police.

He says: “The matter has been referred to our solicitors and we have asked the police, who evicted the people, to investigate possible charges of trespassing and criminal damage to the property.”

The ARs have denied any wrong doing on Wednesday, March 25.

The day after the AR visit to Botleys, Network Data Holdings released a statement to the London Stock Exchange saying that as yet no acceptable offer for the company had been made.

The update also confirmed the party interested in buying Botleys is not able to complete on the property “at the present time”. The interested party was rumoured to be TV chef Gordon Ramsay. In a January update sent to ARs, Griffiths said the property was due to complete on or before March 20.


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