Poundworld creditors will be left short changed warns administrator


Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute. In a progress report from Deloitte marking a year since negotiations with potential buyer R Capital ground to a halt, the administrator said secured creditor Santander would not be paid in full either. In addition, second lien secured creditor, Titan Atlas Holdings, would not […]