Going for broke: Bernard Knope & Partners owes £1m to creditors.

The debts of collapsed broker Bernard Knope & Partners and Town and
County Insurance Services have been estimated at more than £1m.


According to a report by receivers Grant Thornton that was presented to
the creditors, Bernard Knope and its Town and County branch owed Lloyd's
TSB £429,000 before interest, secured creditors (such as PAYE and NIC)
£80,500, and unsecured creditors (insurers such as Norwich Union)
£714,200.


Grant Thornton estimates Lloyd's TSB will recover funds of only £97,000,
leaving

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: