Investors in London Capital & Finance fear they are being ripped off again after administration fees rise to more than £13m.
According to the latest progress report filed at Companies House, fees are likely to have reached £7.7m by January next year, which will almost double when legal fees and other costs are added.
Andrea Hall, of LCF Bondholders, a group representing some of those who lost money in the firm’s collapse, said that the fees were “eye watering”.
Investors, who lost £237m when the minibond developer collapsed, are still expecting to receive 25% of their money back.
