Pension schemes related to Norton Motorcycles are being investigated.
The Pensions Ombudsman said it was looking into a complaint from 30 individuals, relating to three pension schemes linked to the bike business.
It has emerged that the independent ombudsman is due to hold a public hearing in London on February 13 in relation to the complaint.
It said the complaint had been made against Norton owner Stuart Garner in his capacity as trustee of the Dominator 2012 Pension Scheme; the Donington MC Pension Scheme; and the Commando 2012 Pension Scheme.
It also relates “where applicable” to a company called LD Administration, which it said administered the schemes between 2014 to 2018.
Norton Motorcycles went into administration yesterday, putting the jobs of 100 people who work there at risk.
In recent months the business had faced a string of setbacks, including concerns raised by the auditors in its last set of accounts and a High Court case over hundreds of thousands of pounds owed to HMRC.
A crowdfunding scheme to raise £1 million – to meet an order book said to be worth £30 million and to spend on research – was pulled a few hours after it was launched last November after a single, high-value investor was said to have come forward.
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It had valued the business, based in Castle Donington on the Leicestershire/Derbyshire border, at £55 million.
Despite that, it was revealed yesterday that accounting firm BDO had been appointed to manage the affairs of the motorbike business and of Priest House Hotel, also based in Castle Donington, which is also owned by Mr Garner.
Business-Live has attempted to contact Mr Garner, who lives in Donington Hall, for comment.
He had rescued the historic bike brand back in 2008, initially moving it to a site next to the Donington racetrack before relocating it to Donington Hall.
The February 13 Pensions Ombudsman hearing comes eight months after ombudsman Anthony Arter issued a report about Mr Garner and Liddell Dunbar of LD Administration Ltd relating to one individual who, it said, had suffered long delays trying to get his money out of the Commando 2012 Pension Scheme.
Back then the ombudsman upheld the complaint against Mr Garner saying he had “failed to pay the transfer payment within the statutory timeframe”.
The ombudsman also said the complainant suffered an “exceptional level of distress and inconvenience” due to the delay.
The report said the individual spent months trying and get his money transferred only for Mr Garner to tell him they were dealing with an “unprecedented” number of transfer requests.