Airport transfer business Resorthoppa went into administration this month owing £8.25 million, according to administrators.
A statement of proposals by joint administrators James Saunders and Michael Lennon of KR8 Advisory confirmed the extent of the failure and warned funds are unlikely to be realised to pay preferential creditors or the full costs of administration, let alone unsecured creditors.
Resorthoppa (UK), parent company Resorthoppa and associated businesses WWTE and Move Technologies, were placed in administration on March 4 and the business and assets immediately sold in a pre-packaged administration to the newly formed Hoppa Group for £398,000. US transfer technology platform Elife Tech is the sole shareholder in Hoppa…
