But creditors are angry that £1.7m – nearly one-fifth of the sum raised – has gone on fees and expenses for Deloitte. One said: "It is disgraceful really."
Many are also incensed by the lack of payout to the hundreds of unsecured creditors. The report said: "There is a potential dividend to unsecured creditors of 0.3% [of what they are owed]."
Money received included £2.9m in debt recovery and £1.3m in sales of businesses and contracts to ROK and Botes. Deloitte expects to raise a further £1.95m from debtors and compensation claims.
The £1.7m that has gone on fees for Deloitte is disgraceful really