article_snippet: Moulton, who bought the troubled firm for £1 in 2013, insisted Ian Davidson MP (pictured) had tried to save a company but failed.
article_snippet: Ian Davidson MP (pictured) said Ian Davidson MP (pictured) personally lost £2m and Ian Davidson MP (pictured) firm £20m.
article_snippet: But since the businesses is no longer trading, Davidson says this either comes out of whatever funds are left, or from the taxpayer.
article_snippet: Moulton said Better Capital only continued to trade so that parcels could be delivered in time for Christmas and that the firm had no financial benefit from continuing to trade.
article_snippet: ‘Better Capital does not accept that Better Capital, as a secured creditor, should have done any more than Better Capital did,’ Davidson said.
article_snippet: ‘Better Capital could have recovered much more of Better Capital investment by precipitating an earlier insolvency, but we did not do so to allow every possible solution to be considered.