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August 13, 2009updated 12 Apr 2017 4:33pm

Shetland TV debtors to pay Five Arrows £60k

A Scottish media companys debtors have been ordered by the High Court to pay outstanding debts straight to Five Arrows Leasing, as a result of some £60,000 (70,000) of unpaid lease instalments. Shetland TV, owned by Shetland businessman Malcolm Younger, owed the money to Five Arrows for the lease of camera equipment, which it used to provide video footage for Scottish Television. Consequently, a schedule of arrestment was put in place on 16th June, instructing companies owing money to Shetland to make payments to Five Arrows instead.

By Fred Crawley

A Scottish media company’s debtors have been ordered by the High
Court to pay outstanding debts straight to Five Arrows Leasing, as
a result of some £60,000 (€70,000) of unpaid lease instalments.

Shetland TV, owned by Shetland businessman Malcolm Younger, owed
the money to Five Arrows for the lease of camera equipment, which
it used to provide video footage for Scottish Television.

Consequently, a schedule of arrestment was put in place on 16th
June, instructing companies owing money to Shetland to make
payments to Five Arrows instead.

A spokesman for Five Arrows said to the Shetland Times:
“This matter is being dealt with by both our solicitors and
solicitors instructed by Mr Younger, so I do not wish to make any
further comment at the present time.”

Fred Crawley

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