HUNDREDS of jobs have been lost after the collapse of a financial services company.

Administrators have confirmed that a total of 440 employees of Greensill Capital have been made redundant, with 305 of these workers having been based at the firm’s Daresbury Park office.

The business occupied four large buildings at the site.

Northwich Guardian:

A spokesman for administrators Grant Thornton said: “Whilst the joint administrators are in continued discussion with interested parties in relation to the purchase of certain Greensill Capital assets, regrettably the joint administrators of Greensill Capital Management Company Limited have had to make circa 440 redundancies from the UK workforce – of which 305 were based at the company’s offices in Daresbury Park.

“Those individuals impacted were informed on March 12, and were paid in full up to that time.

“A smaller number of employees have been retained for the purposes of the administration.

“As this process remains ongoing, we are unable to comment further at this time.”

Former Prime Minister David Cameron has come under scrutiny due to the company having been ‘granted special access to the heart of Government’ during his time in office.

Founder Lex Greensill worked as an unpaid adviser to Mr Cameron during his time in 10 Downing Street, while the Chester-based Australian businessman employed the PM after he left the country’s top job.

Weaver Vale MP Mike Amesbury, who uncovered the latest details, has called for an investigation into the pair’s relationship.

Northwich Guardian:

He said: “Sadly, more than 300 jobs have been lost in my constituency.

“This is in addition to 5,000 UK jobs put at risk at Liberty Steel, which was financed by Greensill.

“Employees working in my constituency and beyond are casualties of an unsustainable business model – corporate casino banking – that is currently unregulated and that must be addressed.

“The case also raises many serious questions about Tory cronyism and what looks like an abuse of power, even if no laws were broken.

“Labour is calling for an investigation because of the relationship between Chester-based founder Lex Greensill and former PM David Cameron.

“There’s no doubt Greensill was granted privileged access to the heart of Government through his links with Cameron, both when in number 10 and after leaving office.

“While acting as Greensill’s adviser, Cameron reportedly boasted he was set to make £44million on his share options in the firm.”