Notable that there is press discussion of E-Clear themselves "facing failure", and that Flyglobespan had formally placed a Winding-Up order on them. This will presumably now be taken forward to the courts by the receivers.
Flyglobespan files petition against E-Clear - Business News, Business - The Independent
where has all the money gone ...... ? Just before Christmas is usually a high time for airline cash funds - it then all goes in the weeks ahead as operations continue but forward bookings reduce.