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.