CREDITORS still owed money from the collapse of a lettings firm have said they want a slice of the sale of banned director Peter Leonard’s £1million home.

The Direct Residential Lettings director is welcoming potential buyers for his five-bedroom mansion in Rottingdean this weekend as he tries to sell the luxury property.

More than £500,000 of tenancy deposits and rent payments from the collapse of the firm in May 2013 are still unaccounted for according to Insolvency Service investigators.

Residents have said Mr Leonard’s millionaire lifestyle has not changed despite his Hove-based lettings agency going bust in September 2013 and his newly imposed director ban.

Now creditors want to share in the wealth of Mr Leonard, who was banned from being a director for ten years this week, to recoup their own losses.

Lindsay Cooper, who claims she is still owed £1,300, said creditors should be getting a share of the money from the sale.

She said: “It’s not right at all. Seeing the house on the market, it certainly leaves a stale taste in your mouth. What we want to know is: where did the money go?”

The Argus can reveal that Mr Leonard has found a new line of business which is driving his neighbours to despair.

The 58-year-old is selling cars from the driveway of his £1million house. Brighton and Hove City Council has warned Mr Leonard may be illegally parking vehicles in the public road outside his house. Neighbours are also complaining that his informal showroom was blocking up the road around an entrance to a care home.

One resident told The Argus that at least four cars parked in the road were vehicles Mr Leonard was currently trying to sell via classified ad website Gumtree.

She said: “We can’t park anywhere on the road because of all these cars.

“It’s a residential road and it’s become more and more difficult to park here in the last three months. He’s constantly out there cleaning cars. At first I didn’t think anything of it, I just thought he was an obsessive compulsive cleaner. But then somebody said he’s become a car dealer and you can see them all on Gumtree”.

A Brighton and Hove City Council spokesman said: “Mr Leonard could possibly be found in breach of the Clean Neighbourhoods Act (2005) for parking a number of cars marked for sale in close proximity on the road.

“However, the council has not received any complaints about Mr Leonard.

“Should the situation change and we receive complaints from neighbours we will look into it, but we hope that complainants will bear with us as we are operating under reduced circumstances and have to prioritise.”