Beta Distribution went under owing £36m - administrator's report

Report reveals £14m owed to trade creditors, including Brother, HP and Exertis

Beta Distribution went bust owing £36m in book debts, a recently filed administrator's report revealed.

Deloitte was appointed as administrator for the failing distie in October, and in its proposals document dated 6 December, stated that Beta did not have enough money to cover debts owed to unsecured creditors.

"We do not think that the companies have sufficient property to enable a distribution to be made to unsecured creditors," the letter said.

CRN broke the news of the distie's sink into administration earlier this year.

Beta - which reported turnover of £186m in its last financial year ending 31 March 2017 - owed over £14m to trade creditors, and nearly £3m to HMRC.

Of the unsecured trade creditors ,some of the largest include Brother (£1.2m), HP (£921,006) and Exertis (£133,440).

Storage vendor Quatum is by far owed the most at £2.1m.

Preferential creditors are not listed, though the statement of affairs - dated 15 October - said that £2.2m is available to cover that category.

Beta also had an LLP called Beta Distribution Employee Services, which covers employee wages and holiday pay. They are owed £101,561, of which only £46,248 is available to cover those debts.

CRN has reached out to Brother, HP and Exertis for comment.