Three former executives at a collapsed software firm have been charged with conspiracy to defraud.

Serious Fraud Office (SFO) investigators have been probing the finances of Torex Retail which was based in Witney until it went into administration in 2007.

Ex-chairman Robert William Loosemore, 45, group accountant Mark Woodbridge, 40, from Warwickshire, and legal director Nigel Horn, 56, from Gloucestershire, will appear before magistrates in Banbury facing fraud allegations.

Loosemore and Woodbridge have also been charged with offences of false accounting between May 2006 and January 2007.

The investigation into the company's collapse is continuing and a further announcement is expected on Monday, the SFO said.