Unsecured creditors are owed £217 million, but they will get back less than 1 per cent of what they are owed, according to documents filed by PwC at Companies House.
Maplin collapsed at the end of February and PwC held talks with a number of groups about a rescue, as well as selling its stock and intellectual property.
However, it believes that it can raise more cash by selling Maplin’s remaining stock through its stores.
Maplin collapsed at the end of February and PwC held talks with a number of groups about a rescue
As a secured creditor, Maplin’s former owner Rutland Partners will receive an unspecified amount out of the £102 million that the firm is owed.
Employees will be paid their wages in full.
Elsewhere, home improvement retailer Topps Tiles is expected to say on Tuesday that its statutory half-year pre-tax profits have fallen 4.4 per cent to £16.3 million, because of a combination of bad weather and falling consumer confidence.