Dudley UKs creditors could recover much more of their debts than the 3p in the pound set out in the firms creditors voluntary arrangement.

Dudley UKs stake in new firm Dudley Office Supplies, which a source said was around 65%, will be sold when the time is right to realise more assets.

Although preferential creditors will be paid first, administrator Bob Bailey said that if the next few years went well there could be an additional payout for unsecured creditors.