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Article: CREDITORS ANGRY AT THEATRE CARVE-UP ; Just 5p in the pound for those owed cash by former Playhouse, say its administrators Administrators Tenon charging Pounds 229 per hour
- Article from:
- Derby Evening Telegraph
- Article date:
- October 1, 2009
- Author:
CopyrightCopyright 2009 Derby Evening Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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CREDITORS owed cash by the failed Derby Playhouse are likely to
be given back just 5% of their money.
Meanwhile, it has been revealed that the theatre's administrators
are charging Pounds 229 an hour for their services.
Money owed to creditors and administrators Tenon will come out of
the Pounds 500,000 raised by the sale of the Playhouse building's
lease to the University of Derby.
To date, Tenon has clocked up Pounds 70,956 costs for 308.73
hours work.
Former employees and local businesses which supplied the
Playhouse are now expected to get 5p for every pound they are owed,
despite being told at a meeting in December they could expect to
receive 22.19p.
Colombier Wines, in Woodville, is ...