Woodford IM writes off £1m in loans owed to companies controlled by Woodford and Newman

Annual accounts

Woodford Investment Management has written off loans totalling just over £1m owed to companies controlled by Neil Woodford and Craig Newman.

According to the firm's annual accounts to 31 March 2023, the former investment manager of the former Woodford Equity Income fund had previously received advances from firms controlled by the pair. Woodford scheme of arrangement approved As of 31 March 2023, these had been written down to nil to "reflect the fact these will not be repaid". According to Companies House, both Woodford and Newman remain active directors of Woodford Capital, which, along with WIM, is registered at the same address as the now-aborted WCM Partners, which was dissolved within this accounting period. Wo...