Creditors of collapsed trade finance firm Stronghold Global Finance (UK) Limited are owed at least £1.28mn and may not receive any disbursements from the company’s estate, liquidators have said.
A court placed Stronghold into liquidation last year after it failed to pay debts of £181,000 to seven creditors, including former employees and vendors such as the company’s former landlord.
A progress report by the company’s liquidators, made public on October 24, showed that the amount believed to be owed to unsecured trade creditors had risen to £747,908, but that the figure “is likely significantly higher”.
The total includes both creditors that have provided proof of claim forms and additional amounts…