LIQUIDATORS agreed to sell the only asset from the £2 million plus collapse of Gary’s Hexley’s Greenfield International back to his wife – but she defaulted on the car deal.

Birmingham-based Dains struck an agreement with Michelle Hexley to buy the vehicle – registration M4 HEX – for £5,000, but have yet to receive a penny.

The transaction is revealed in the joint liquidators’ annual report into the demise of Sutton Coldfield-based Greenfield, which left 237 creditors out of pocket to the tune of £2,077,426.05.

The report also reveals that Mrs Hexley agreed to personally indemnify Dains for up to £10,000 plus VAT to cover the costs of a creditors’ meeting, but to date only £3,000 has been received.

Joint liquidator Martin Smith says in his report on the car deal: “Following my appointment I received an offer from Mrs Hexley to purchase the vehicle for £5,000.