Couple behind failed cow dung eco program go bankrupt with £ 4million debt


The man behind a failed green scheme to turn cow dung into diesel has been bankrupted with £ 4million in debt.

Earlier this month, we revealed how Scottish farmers and the businessmen had invested up to £ 8million in a company set up by Martin Frost in 2014 to develop the concept and bring it to market.

Seven years later, shareholders – who have invested up to £ 1.25million – have yet to see a return on their cash, a dividend on their shares or the proceeds put up for sale.

Frost, 73, and his wife Janet, 65, were bankrupted at a Leeds Business and Property Court hearing last week after failing to pay £ 4million due to the loans agriculture in the UK.

The court heard that the couple had taken out a loan from the company – which specializes in financing the farming community – but failed to maintain its payments.

Frost asked the judge to give him more time to pay off the debt, claiming he owed a windfall of £ 6.6million from the sale of patents to Israel and $ 20million from a Texas bank .

But the couple were bankrupted after failing to provide proof of the amounts and their ability to pay. The judge said: “This is not the first time this has happened.”

Frost, who was representing himself, said he would appeal the decision to a higher court. He also claimed that the papers were not properly served on him.

Frost’s goal is to establish ‘cow palaces’ in Scotland and Ireland, where high-quality cattle would produce better beef and better milk, with methane from their waste converted to cheaper, cleaner diesel. for cars, vans and trucks, using a chemical additive called Avocette.

The two Frost firms used to launch the green diesel concept – Avocet Infinite and Omega Infinite – are in liquidation.

Alastair Munro

Edinburgh businessman Alistair Munro bought £ 750,000 of shares in 2017 in cash and received £ 250,000 of shares for the work he did for Frost. But he said he had lost all hope of getting any money back.

A Borders farmer, who asked not to be named, said he lost £ 1million.

Frost’s business relationship is under investigation by the UK Government‘s Insolvency Department.

Frost confirmed that he and his wife would appeal. He said a miscarriage of justice meant the judge had not received a file showing his ability to pay.

He added, “Senior counsel thinks Janet and I should win our appeal.”

He said his bankruptcy should not affect the investment of Avocet shareholders.


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