Sefton has 91 million in assets

Treasury Minister Eddie Teare says the Sefton Group owns more than £91 million in property on the Island.

In the House of Keys Michael MHK Alf Cannan asked him a question for written answer about the value of the group’s assets in the wake of its £4.5 million bailout by government.

In his reply, Mr Teare said the group owned sites such as Samuel Harris House, International House, HSBC House, Standard Bank as well as its hotels.

He said according to financial statements in 2011, the overall value was £91.8 million but said individual values were commercially sensitive.