A MUM of two from Motherwell is still battling to recover hundreds of pounds she lost when a savings company collapsed six years ago.
But Karen Ferguson’s hopes of finally getting compensation in time for Christmas appear to have been dashed after she missed a deadline for applications.
More than 100,000 people lost a total of £37 million when Swindon-based Farepark went bust in 2006.
In recent months the liquidators dealing with the company’s affairs have announced that customers will get 35p for every pound they had paid.
Farepak offered customers the chance to save during the year for gift vouchers which could be exchanged at leading retailers.
Ms Ferguson, a single mum, of Sannox Drive, Motherwell, reckons she had about £600 invested when the company collapsed.
She has various health problems which prevent her from working and money is short.
She said: “When I found out about the compensation scheme it was too late for the August deadline. I was then told I needed proof that I was owed money, but the receipts I had would have been thrown out when I was moving house.
“At that time I didn’t expect to hear from them again.
“Getting £200 or £300 from the Farepak fund would make a big difference to us.”
Farepak Victims Committee secretary Debbie Harvey said: “This is a heartbreaking situation and Karen is not alone as others throughout Britain are also missing out.
“Compensation of 35p in the pound is better than nothing for families such as Karen’s.”
A spokesman for liquidators BDO offered little hope for Ms Ferguson, saying: “A huge amount of work has been done to identify more than 114,000 claims and we provided an extension to the deadline for customers and agents to make sure their claims and details were correct.”
Full story in this week’s Motherwell Times, on sale now.