LONDON – Suppliers left out of pocket after Arcadia went bust are being advised to accept a ‘goodwill payment’ in return for releasing stock in transit or held with UK freight forwarders. But joint administrators Deloitte has warned they risk receiving nothing at all for the orders if they refuse to release them. “ … had the stock not been released then suppliers would only have been able to claim as an unsecured creditor for amounts owed on this stock,” it said in a statement.
Suppliers owed payments for orders in transit as of December 2020 say Deloitte offered to accept the goods at 20 per cent of the invoice price.
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