Clive May
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Builder Clive May to sue RBS for 'mis-sold' loan

A Flintshire builder whose company went under after he claims the RBS mis-sold him a government-backed loan is to sue the banking group.

Clive May's firm ceased trading five days before Christmas 2013 with the loss of 17 staff and 13 sub-contractors from the Mold firm.

There are now calls for a review of the Enterprise Finance Guarantee (EGG), which helps small businesses obtain funding they may not get elsewhere.

RBS said they could not comment.

Matthew Richards reports.

  • 19 Aug 2014