You should be advised that [the Telegraph] article is incorrect in a number of areas and is subject to action by Coys Group. For good orders sake please be advised of the following.

Firstly, the company in question is not a trading or auction company.
Secondly, no person – private or otherwise has lost any money whatsoever.
Thirdly, no Coys company has filed for bankcrupcy protection in the UK or the US.
Finally, no Coys company is in liquidation.

It is business as usual and if we can be of any further assistance please advise.

Regards,

C.Routledge