Solutions provider divests subsidiary company and gains £6m in additional loans to boost cash flow
One director of failed distie agreed to discharge his debts of over £400,000
Latest administrator's report indicates that it is 'possible' that the distie's secured and preferential creditors could get some money back
A third party has bought the subsidiary, according to Dutch administrator's report
Foreign currency contracts and £10m overstatement of stock noted as key reasons for distributor's collapse
Report reveals £14m owed to trade creditors, including Brother, HP and Exertis
Deloitte has been appointed as administrator for the struggling distie
Watford-based Hills Components ceased trading last month and its current inventory will be auctioned off
Administrators for the failing electronics retailer had been hoping to find a buyer