The company linked to Island residents Michelle Mone and Doug Barrowman which supplied gowns to the UK government during the pandemic owes a total of £188 million, according to its administrators.
Forvis Mazars filed a preliminary statement at Companies House in the UK at the end of October.
The company says PPE Medpro owes a total of £122 million plus £26 million interest to the UK government after losing a high court case about the gowns, £39 million to the UK taxman and another £1 million to an Isle of Man company which placed it into administration.
The administrators say they're confident they can recover money, adding a review of PPE Medpro's bank accounts reveal a small number of entities received the vast majority of money.
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