HMV debts total at £182m, including £20m in unpaid tax
04 March 2013, 14:49
| Written by
Luke Morgan Britton
(News)
New documents from HMV‘s accounts show the company’s debts totalling at £182.3 million, with £20 million owed to the government in unpaid tax.
MusicWeek report that these new figures from when the music retaillers entered administration show £109 million owed to banks, including Royal Bank of Scotland and Lloyds, while another £53.3 million remains outstanding to other creditors.
These figures see an increase from the £176.1 million debt reported back in October 2012.
The company is now in the control of restructuring group Hilco, after they purchased HMV’s debts from administrators Deloitte.
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