Administrator publishes Call Connection update
The business went bust in 2017 and administrators expect just £246,000 to be paid to creditors.
The administrator handling lead-generation provider Call Connection has predicted that £246,000 will be paid out to its creditors.
According to an update on Companies House, unsecured creditors are owed £2.8m.
Lloyds Bank, which is named as a secured creditor, is owed an additional £1.8m.
Shortfall
Martha Thompson, administrator at BDO, commented: “Based on present information, it is anticipated that the bank will receive a distribution, however, will suffer a significant shortfall.”
Call
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