The PPE company linked to Island resident and Tory peer Michelle Mone has just £666,000 in assets.
PPE Medpro is being sued by the UK government for £134 million over medical gowns it supplied to the UK's Department of Health and Social Care during the pandemic.
The government claims they weren't sterile or fit for purpose - the company denies the allegations.
The firm's latest accounts show it's spent £4.3 million defending the High Court claim.
Report shows growth in government workforce
Can you translate Filipino for court?
Commissioner worried over Ramsey flood wall design
AG's chambers wrongly blocked FOI response, says info commissioner
Navy ship off Island's coast
'Harrods of the West' to reopen in April
Mountain Road closed on 68 days last year
Terry’s Tato’s owner named 2026 Customer Service Champion