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Administrators at failed used car dealer Cazoo are owed £6m
Failed used car dealer Cazoo has accumulated £6 million in administrators' fees since its collapse last year, according to recent documents from Teneo, the administrators. This sum is higher than anticipated, partly due to extensive dealings with HMRC. These fees, which are yet to be paid, will be drawn from the company's assets before any distributions to creditors.

Cazoo's three entities, now renamed, collectively owed 10,107 creditors a staggering £259.2 million in unsecured debt. While creditor recovery remains uncertain, ordinary preferential creditors expect full repayment within six to twelve months. The administration is extended to May 21, 2026, with Teneo exploring dissolution, compulsory liquidation, or creditors' voluntary liquidation. (The Cazoo brand was eventually sold to Motors and has since relaunched as an online listings platform. The companies currently in administration have no link to Motors.)

More on this at Car Dealer Magazine
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