The creator of a failed TV cartoon series says she wants to assure investors it was not a scam.

In 2001, more than 400 people bought shares in Walderslade mother Alison Mackenzie’s idea for Bagees - cartoon characters with human characteristics, all based on a variety of bags living in a hotel cupboard under the stairs.

But questions were raised over what was happening with their money after Mrs Mackenzie stopped responding to letters and phone calls.

Investors only found out they would not see a return on their money when Mrs Mackenzie, 52, admitted the company was now insolvent on television earlier this week.

~ Related article: Surprise at Bagees creator's TV apology >>>

Mrs Mackenzie has apologised to her backers. "I regret their dream was not realised," she said. "It could have so easily gone the other way."

• Watch Alison Mackenzie explain some of the things that went wrong in the video at the top of this page.

• You can read more from the interview in this Friday's print edition of the Medway Messenger.