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Maplin creditors face £217m wipeout


Suppliers, employees, the taxman and other unsecured creditors of Maplin face a shortfall of more than £200 million after its collapse.

A statement of affairs, prepared by the electrical retailer’s directors, shows that unsecured creditors are owed almost £217m, according to filings at Companies House.

Maplin, which collapsed in February, had assets of £45m, mostly comprised of stock. Unsecured creditors are understood to be in line to receive less than 1% of their claims.

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