The failure of Grimsby fish processor Cook and Lucas may leave Barclays with a £1.2 million hit after assets recovered were deemed insufficient to meet its debts.
And unsecured lenders also face no returns on a further £1.9 million outstanding following the sudden collapse that cost 80 jobs earlier this year.
The company abruptly ceased trading in January after defaulting on two funding arrangements with the banking giant, pulling the shutters down on operations in Riby Street and Humber Street. It had secured £800,000 through an invoice discounting facility, with a similar amount drawn through a Coronavirus Business Interruption Loan Scheme, while also holding a credit card account.
