Keydata administrators worked 5,733 hours in first few weeks

These included hours spent on a potential sale of the business which totalled 909 at a cost of £415,856, although no buyer came forward for the entire company. Smaller, specialist parties made non-binding offers for parts of the business but at present no assets have been sold, according to PwC. It adds: "Alternative scenarios will need to be considered including an orderly run down of the business by the administrators." The largest number of hours was spent responding to creditors' inquiries; 2,130 at a cost of £484,637. The figures have been revealed as part of PwC's proposals t...