Creditors of defunct distributor Steljes could be set for a greater windfall than initially expected, with the firm's administrator stating they could see a return of 11 pence in the pound.
The administrator originally said that creditors could expect as little as three pence, before claiming the figure could actually be as high as six pence.
But the latest adminstrator's report, available on Companies House, earmarks the figure at around 11 pence.
Steljes went bust in May 2016, owing what was thought to be around £6.7m to unsecured trade creditors. This figure is now thought to be around £9.2m, according to the latest report.
The administrator claims that the amount available to unsecured creditors has increased as a result of £724,098 in tax returns being received from HMRC.
Steljes' biggest vendor SMART Technologies is the largest creditor, being owed £29.3m.
BenQ (£1.16m), Epson (£680,000) and NEC Display Solutions (£156,000) were the next-largest creditors.
At the time Steljes claimed that changes in its relationship with SMART meant that it could no longer afford its overheads.
Lloyds, Steljes' largest secured creditor, has been paid its £4.6m in full, as has Bank of Scotland.
Preferential creditors - made up of former employees - have also been paid their full amount of £77,158.
Highlander MD Steve Brown tells CRN about the skills he learned on the pitch and brought to the boardroom
Reports suggest Dell is pursuing a straightforward IPO, contradicting existing plans to buy out tracking stock holders
Analysts predict upturn in PC market next year, but 2017 to remain plagued by components shortages
Neil Sawyer claims he has 'never seen so many conversations about a new method of investing in workplace technology'