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Birmingham Post
Birmingham Post
Business
Jon Robinson

Remaining Studio Retail Group creditors in line to recover millions but some face wait

The remaining creditors of Studio Retail Group, which collapsed into administration earlier this year, are in line to recover the millions they are collectively owed - but some face a longer wait.

The Accrington-headquartered business racked up debts of more than £80m when it entered insolvency and its assets were bought by Mike Ashley's Frasers Group for just £1.

Administrators at Teneo have been overseeing the remaining business ever since and have been working to identify who owes what to whom - and if there is enough money to pay them.

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