Wow, that is a startling number. But when you read the whole story on The Law Gazette website it does look like a bit of a perfect storm, or should that be "imperfect storm"?
The collapsed Parabis group went into administration owing almost £50m to more than 2,500 unsecured creditors, new documents have revealed. A statement of administrator’s proposals shows the LLP owed unsecured creditors £31.5m when it went into administration in November last year. The limited company owed a further £16.1m to unsecured creditors.