RE: Statement of Administrators proposal….25 Feb 2025 21:03
Majority of Admins I kept an eye on LondonStockExchange were ending up with no money for shareholders,
In this case it seems like even some secured creditors won't get their money back in full, some rare unsecured categories will get something but generally got shafted.
If I read report estimates by administrators correctly - there's a deficiency of over £280M, I've got a feeling there are too many outcomes of similar kind and it's becoming norm with companies registered in Bermuda while aiming at UK investors/LSE.