A COMPLICATED web of inter-company debt has been revealed as firms run by the man in charge of a fatal parachuting jump at Dunkeswell Airfield start to be liquidated.

Jason Farrant, the sole director of Skydive Buzz, operator of the parachute jump in which two people died, announced shortly after that his company would be wound up by the Official Receiver.

But as of Sunday (August 31), Skydive Buzz was still listed by Companies House as being an ‘active company’.

In contrast, three sister companies run by Mr Farrant have stopped trading and gone into administration - Wingwalk Buzz, Skydive UK, and Aviator Coffee Bar and Restaurant.

The three firms had a combined deficiency, debt which could not be met, totalling £1.444 million.

Wingwalk Buzz was the first to go, being put into a creditors’ voluntary liquidation with a report by administrator Jon Mitchell showing it had unsecured creditor debts of £755,240.

The total owed to creditors was £910,012, of which £837,440 was owed to four of Mr Farrant’s other companies, Skydive Buzz, Flyhigh Buzz, Jump Hi Ltd, and Aviator Coffee Bar and Restaurant, while £25,000 was due to HM Revenue and Customs.

Next to go was the Aviator coffee bar in a similar creditors’ voluntary liquidation with a total deficiency of £201,565, of which £186,279 was owed to Skydive UK and £22,000 to the NatWest Bank.

Then, on Thursday (August 28), Skydive UK was liquidated with administrator Steve Henson reporting a deficiency of £487,901, of which £322,560 was owed to Jump Hi and Skydive Buzz.

A further £24,569 was outstanding to HM Revenue and Customs for PAYE and VAT payments, and £20,000 to Lloyds Bank.

Skydiving instructor Adam Harrison and pupil Belinda Taylor died when their parachute failed to deploy properly in a 15,000 feet jump.