Only a handful of creditors will get anything from the collapse of Ledbury giftware firm Stuart Houghton Ltd, according to receivers.
In a report to creditors, Baker Tilly of Bristol said it had paid out to the Royal Bank of Scotland Commercial Services Ltd and was offering just over 22p in the pound to Barclays Bank. It is also proposing to pay arrears of wages and holiday pay to staff.
However, the report says: "There is no prospect of a dividend to unsecured creditors in this matter."
The Little Marcle Road firm, which employed around 40 people, ceased trading in August. In September its brand was bought by Shropshire-based Manuscript Pen Company, which moved the operation to Highley.
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