Rocker Liam Gallagher’s fashion firm still owes £15.7million, number crunchers revealed.
Accountants are still sifting through the books of Pretty Green – which collapsed last year with losses of more than £17.5m.
Former members of staff owed money for lost wages and holiday pay will get their cash from Pretty Green Ltd.
But most of the 280 creditors like suppliers and freight firms will not salvage much from the wreckage of the crooner’s failed business.
A report by administrators filed to Companies House this week revealed: “The administrators have received claims totalling £13,188,853 from 172 creditors in respect of PGL.
“The administrators are yet to receive claims from 108 creditors whose debts total £2,541,836.
Liam Gallagher’s Pretty Green still owes millions of pounds (Image: Roddy Scott Photography Ltd)
“Based on current information, and in accordance with the information available at the time of the Proposals, the Joint Administrators do not anticipate there being sufficient funds to enable a dividend to be paid to the unsecured creditors other than by virtue of the Prescribed Part.”
The brand was bought by JD Sports with bosses hoping the move would bring the firm out of administration.
A number of Pretty Green stores were closed (Image: PA)
The fashion firm brought in advisors from accountancy outfit Moorfields Advisory last year to launch a “strategic review”.
Pretty Green faced many of the same challenges as other high street retailers.
It had a partnership with House of Fraser the department store chain went into administration in 2018.
While House of Fraser was bought by Sports Direct, Pretty Green still lost £500,000 in the process.
Moorfields’ Simon Thomas said at the time: “Pretty Green is a popular brand and received a considerable amount of interest. We are confident that JD Sports is the right fit for the business and will help to grow its online and wholesale channels”.
As part of the JD Sports deal, 11 Pretty Green stores and 33 House of Fraser concessions were closed.
But the flagship store in Manchester will be saved.
Source: Celebrities - dailystar.co.uk
