Staveley Head collapsed owing almost £10m

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Administrator to Staveley Head, Duff & Phelps, has published a progress report highlighting that the business, which collapsed earlier this year, owed creditors around £10m.

Preferential creditors which include the 51 staff made redundant from the firm were owed £22,376.

Duff & Phelps reported there were enough funds for this to be paid.

In addition unsecured creditors were owed £9.8m. The administrator reported “sufficient realisations to enable a distribution to the unsecured creditors

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