In a report on the failure released yesterday, it emerged that the travel operator owed £585m to customers and £45m to employees when it hit the wall.
Meanwhile, £5.7bn was owed to other group companies, and £1.7bn was owed to banks and other lenders, according to the Insolvency Service.
"The position regarding intercompany trading, assets and liabilities is still to be fully determined," senior official receiver and liquidator
The report only refers to 26
A further 27 UK companies in the group were wound up on 8 November. The Official Receiver will report separately about them "in due course".
The notice to creditors showed that only between £176m and £244m has been recouped through selling off
The report showed that directors put the group's financial deterioration down to certain factors, including customer uncertainty caused by Brexit, hot
The report also cited increased challenges from online competitors in directors' listed reasons for the collapse.
(c) 2019 City A.M., source