§ Mr. Peter BottomleyTo ask the Secretary of State for Employment what estimate he has made of the total bill of his Department to the administrative receiver of South Thames TEC; and what assessment he has made of its impact on the other creditors' prospects of debt recovery. [29625]
§ Mr. PaiceThe Department estimates that it is owed £8.48 million by South Thames training and enterprise council and has presented the receiver with a bill to that effect. The Department is a secured creditor under the terms of its debenture. Until the receiver has completed his work, it will not be possible to assess the impact of the Department's bill on the prospects for unsecured creditors recovering money owed them.