A perth property development company owned by former England cricketer Adam Hollioake and his family has collapsed, owing $20 million to more than 40 creditors, including former England Test captain Alec Stewart.

Liquidator for The Hollioake Group Mark Conlan yesterday warned that although secured creditors such as Bankwest and the Commonwealth Bank would recover most of the $9.5 million they were owed, there was only a “very slim” chance that other creditors would see a single cent.

Adam Hollioake was an all-rounder who played four Tests and 35 one-day internationals for England in the 1990s. He could not be contacted yesterday and the company’s phones had been disconnected.

But its website included a testimonial from Stewart, who played with Hollioake for both Surrey and England, in which he said he had invested with The Hollioake Group in 2000 and had reinvested in 2003.

“I have to say it has been very profitable and dealing with THG is so easy,” he said. “I am secure in the knowledge I am dealing with such an honest reputable company.”

Australian Securities and Investments Corporation records show The Hollioake Group is owned by Adam Hollioake, his father John and sister Eboni. His brother Ben, who died when his sports car…