Motorhome owners whose vehicles were handled by a Fife firm before it went bust have been told they face a lengthy wait for their money.
St Andrews Motorhomes closed in June and went into liquidation, with people awaiting payment for motorhomes the company had sold for them.
Former owner Christine Galloway has been charged by police following a significant fraud investigation.
Liquidator Claire Middlebrook, of Middlebrooks Business Recovery and Advice, told the 50 clients involved to expect an interim payment but also a lengthy wait as she investigates the assets of Ms Galloway.
She said: “There have been many tears shed by people who trusted St Andrews Motor Homes due to its reputation and its many years of trading.
“Some saw the sale of their motor home as a vital part of retirement planning, but now £1 million of their money has gone.”
Several motorhomes in the yard of the salesroom near Cupar when it folded have been returned to owners.
But Ms Middlebrook said: “St Andrews Motorhomes creditors are rightly anxious to know if they will get money back.
“I’ve told them it’s likely but depends on me being able to sell company assets, in particular the yard between Cupar and Pitscottie where the motorhomes were traded from.
“Due to the emotion I have felt from owners, I am using powers of liquidators not often used to find out where substantial sums of money have gone.”
The liquidator is not taking part in criminal proceedings.
Police Scotland confirmed in August that a 63-year-old woman had been charged and a report was to be submitted to the procurator fiscal.
The force said it had received reports of financial irregularities at a motorhome business in the Cupar area and that what it termed a significant fraud investigation was launched.
Ms Galloway was director of the firm which had traded for around 25 years.
