Page last updated at 17:14 GMT, Monday, 19 January 2009

Woolworths cheque in charity sale

Woolworths cheque
The money raised is being donated to the National Autistic Society

A cheque for more than 97,000, thought to be the last ever issued by bankrupt Woolworths, has been sold on an online auction site for charity.

Telecoms support company TMTI received it in payment for services the day before the store went into administration on 26 November 2008.

But the firm, based in Frome, Somerset, was told the cheque would bounce.

The bidding on eBay closed at 1,080 and the money will be given to the National Autistic Society.

Good news

Neil Jones, commercial development director, said: "We will now join the list of unsecured creditors waiting to see what comes out of the administration process."

The cheque is currently framed and hanging on the wall of the finance director.

"I think our finance director is going to miss it when it's been taken down from his wall and gone to its new home," said Mr Jones.

"Everybody has been interested to see how the auction was going to perform.

"We're waiting for the winning bidder to confirm that everything's genuine, because unfortunately, we did have a couple of bids placed which were not.

"It's good news. All the money's going to the National Autistic Society. They're very pleased to be getting a few more funds."

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SEE ALSO
Woolworths set for administration
26 Nov 08 |  Business

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