Administrators of collapsed Orla Kiely business pay out dividend to some creditors

The administrators of a collapsed business in the Orla Kiely fashion empire have been able to pay out a dividend of 25.52p on the pound to preferential creditors.

The collapse of Kiely Rowan plc with debts of £7.25 million in September 2018 sent shock waves across the retail and fashion industries as the long established business was thought to be on an upward trajectory having reported increasing revenues and operating profits for fiscal 2017. The administrator’s final account reports that claims by preferential creditors of Kiely Rowan plc relating to unpaid holiday pay, wage arrears and pension contributions were estimated at £97,413 in the director’s Estimated Statement of Affairs.

However, unsecured creditors were estimated to have been owed £6.13 million and 88 claims were received from unsecured creditors totalling £4.79 million.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Rising construction costs, slowing GDP growth, fewer new companiesBusiness Today: the best news, analysis and comment from The Irish Times business desk Maybe fix these up instead
Fonte: IrishTimes - 🏆 3. / 98 Consulte Mais informação »

3 ESG experts on how to build a sustainable business strategyNicola Connolly, Founder of Nunaïa, Raquel Noboa, Founder of FiftyShadesGree, and PwCIreland's Deirdre Timmons unpack ESG, sharing what you need to know, incorporate and report on in business. sp event PwC business sustainability
Fonte: image_magazine - 🏆 17. / 59 Consulte Mais informação »