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Honister administrator reveals £4.6m creditor shortfall

Honister Capital’s administrator Grant Thornton has revealed details of a £4.6m shortfall between the collapsed firm’s assets and the money it owes to creditors.

A notice of statement of affairs, published on Companies House today, reveals the total number of claims from unsecured creditors stands at £5.7m.

However, once wages, holiday pay and pension contributions have been deducted from the company’s assets, Grant Thornton expects just £1.1m to be available to these creditors.

Software provider Intelliflo is owed over £1.1m in relation to an unexpired contract. Intelliflo chief executive Nick Eatock was unable to confirm how much money the company expects to receive back.

Manniquin Insurance, a company based in Guernsey, is owed almost £1m.

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  1. Wages, holiday pay, pension contributions and wait for it………………………………………………………………………………………………………………………………..insolvency practioner costs! I think that`s what they were trying to say, probably missed a little bit out. Sad

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