Administrators Deloitte still chasing Transline debts

Administrators of collapsed labour procurer Transline are chasing debts owed by its directors.

Qualitycourse, which traded as Transline Group, entered administration last May ahead of Wirral-headquartered recruitment group Russell Taylor acquiring the labour procurer, after Transline filed a notice of intention (NOI) to appoint administrators in a bid to protect the business.

The Times reports in a progress report posted to Companies House last week that administrators Deloitte said it will “continue to pursue the recovery of the director’s and related company loan accounts”.

The document also reveals that to date, 113 claims from secured creditors have been received, totalling £33.5m, although Deloitte expects the level of unsecured claims will increase and a “significant” creditor claim is still outstanding. However, Deloitte adds it expects the main secured creditor Barclays to be repaid its £9.9m outstanding debt in full.

Administrators Deloitte confirmed outstanding Transline director loan accounts are around £1.3m, with outstanding ‘associated company’ loan accounts of a further £963k.

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