Creditors of Duncan Adams unlikely to be repaid in full, says Deloitte


 

Creditors owed money by Grangemouth haulier Duncan Adams, which entered administration in March, are unlikely to receive anything due to insufficient funds. A progress report from Deloitte said that as of the end of August, book debt collections of £1,952,000 had been received, which meant that the company’s secured creditor had been repaid in full. However, the administrator anticipates that it is unlikely preferential and unsecured creditors will be repaid in full, although a small dividend to preferential creditors may […]