Mike Hore and Simon Bower, corporate recovery partners at RSM Robson Rhodes, were named as the joint liquidators this week, but say they will have to wait for a creditor meeting on 21 March until they can fully assess who all the creditors are.
It is still unclear whether some of the sponsors may be creditors of the company whose collapse caused the cancellation of a planned global cultural conference in Cardiff this month.
However, Bower said the liquidators would also be looking at events in the run up to the collapse in a bid to determine the ‘full extent of the liabilities’.
Bob Puukiss, chairman of GCDC, has already accepted responsibility for the collapse on behalf of the company’s board.
The crisis at GCDC was revealed when the Home Office ordered an audit following a request for more money from the conference organiser.
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