SAR Holdings Limited,  SAR Monitoring Services Limited,  SAR Data Services Limited,  Custom UK Limited (all In Liquidation)

A Public Message from the Owners of the SAR Group of Companies (In Liquidation)

We wish to extend our sympathies to all those who have been hurt by the sudden collapse of the SAR Group of Companies in June 1999.

The news that the directors had consulted a Liquidator came unexpectedly whilst we were in the process of appointing new board members with the business expertise necessary to build our business further.  We had, only a few days before, begun the lengthy but unavoidable process that would remove Richard Davies as Managing Director and Chairman and we had anticipated that this might prove to be a delicate period in the Group's history.

The unwelcome appointment of a Liquidator, before the shareholders could complete the restructuring of the board, prevented the new management from taking control of the business and correcting any problems which may have been present, to our great regret.

Almost a year later, the Liquidator continues his investigations.   In addition we have now become aware that Richard Davies incorporated Wayland Research Limited in November 1998, a time when we might reasonably have expected him to be directing all his energies towards the success of our business. 

In addition, possible criminal offences are being considered by the Thames Valley Fraud Squad.  Should you be able to assist the police with these matters we, the founders and owners of the SAR Group of Companies urge you to contact:

The Thames Valley Fraud Squad:  Tel. 0118 918 1834    Fax. 0118 918 1820, quoting case number HQC4411/031/00