Unsecured creditors of Quirky Wars, the production company behind Luke Sparke films Bring Him to Me and Scurry, are estimated to receive a dividend of between 3 and 3.5 cents on the dollar, according to a report from the company’s administrator issued more than a year after it entered voluntary administration.
In the report to creditors last week, seen by IF, administrator David Stimpson of specialist accounting and advisory firm SV Partners signalled his intention to declare the dividend to priority and unsecured creditors of the company on or before November 28.
Total estimated unsecured claims stand at $6,925,301, the bulk of which, an estimated $5,682,650, is owed to external investors who…