Honister Capital's administrator Grant Thornton has released details of a shortfall in assets available to the collapsed company's creditors.
The company has stated that there is a shortfall of £4.6m between all Honister assets and those owed money by the firm. The information was published in a statement of affairs on Companies House today. Some £1.1m is available to unsecured creditors compared with £5.7m in claims. All £1.4m claimed by preferential creditors is available. Honister Capital, which housed IFA networks Burns Anderson, Sage Financial, and Honister Partners, entered administration on 3 July after it failed to secure professional indemnity insurance to cover past complaints.
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