A court's heard 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 court heard PPE Medpro Limited's latest accounts show it's spent £4.3 million defending the High Court claim.
Man accused of using Island company to launder millions
A Belfast solicitor has appeared in court in Northern Ireland to deny using the Isle of Man to launder millions of pounds from a £1.1 billion property deal.
Severe gales could mean travel disruption this weekend
There could be bad news for travellers this weekend, with severe gale force winds on the way.
Did you see Douglas incident yesterday?
Police are appealing for witnesses to come forward after a crash in Douglas yesterday.
Onchan takeaway on the market
A popular takeaway in Onchan is up for sale.
Butter problems take a churn for the worse
Isle of Man Creamery has apologised over production problems which mean some of its products are temporarily unavailable.
Gliding club's closure "great shame", says MHK
A gliding club in the north of the Island says it's closing down and winding up its affairs.
Manx Care £14.9m savings plan questioned
An MHK has raised questions about Manx Care's plans to save almost £15 million.
Cake it off - Peel event brings young Swifties together for new album!
A business in Peel's hosting a special event for youngsters to mark the release of Taylor Swift's new album.
