Landlords and other unsecured creditors are still owed more than £45m following the collapse of convenience store chain McColl’s.
The business was rescued from insolvency last year by Wm Morrison Supermarkets, which beat the owners of Asda — the Issa brothers and TDR Capital, the private equity firm — to seal the deal.
The supermarket’s purchase of its convenience and wholesale partner amounted to £182.1m, with a further sum of up to £8m to pay unsecured creditors.
