Farepak victims to get 50p in the £

Former Farepak customers will be paid back about half the money they lost in the collapse of the Christmas hamper business, liquidators said yesterday.

Business services firm BDO said it would make dividend payments to Farepak’s creditors, including customers and agents, at the end of next month.

They confirmed a payment of about 32p in the £1 will be made, including the ­£8 million Lloyds Banking Group announced it was making available to Farepak victims last week.

When added to the 17.5p in the pound given by the Farepak Response Fund charity, set up by the government in 2006, customers will have received roughly 50p in the pound, BDO said.

BDO aims to make dividend payments to Farepak’s 114,000 creditors at the end of August, ending the liquidation process.