Suppliers left more than £1.7million out of pocket following the collapse of Aberdeen firm King Foods have been told they won't receive any of the money owed.
Based on Crombie Road in Torry, King Foods fell into administration in March with debts having built up to around £2million.
Joint administrator Geoff Jacobs said: “Based on current estimates, it is highly unlikely that there will be a dividend to unsecured creditors.
“We estimate the amount of ordinary preferential claims to be £45,000. It is currently uncertain if there will be sufficient funds to enable a dividend to be payable to the ordinary preferential creditors.
“This will be dependent upon the level of asset realisations achieved in the administration and the costs of the process.”
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