ADMINISTRATORS BDO have confirmed it has reached a deal with creditors to settle debts they are owed by Inverness Caledonian Thistle.
Administrator BDO have confirmed its proposals to creditors were approved.
The firm confirmed the news after it was revealed on Companies House on Wednesday morning that a Creditors decision had been made on the administrator’s proposals
While the details of the decision have yet to be revealed on Companies House, BDO have confirmed that the administrator’s proposals have been approved.
Inverness Caledonian Thistle appointed BDO after the club was forced to go into administration on October 22.
It was revealed in December that Inverness Caledonian Thistle owed money to over 140 creditors, including the seven players and coaches who were made redundant, totaling over £3.8 million.
No further details about the decision have been revealed at present, but a statement from BDO this morning confirmed that an agreement had been reached.
In a brief statement, they said: “We can confirm that our Administration proposals were approved.”
BDO are also in the process of trying to find a new buyer for the club, with it also reporting last month 15 parties remain interested in taking over the League One outfit.
Last month, in a report to Companies House, BDO released a full list of who Caley Thistle owe money to, along with the amounts to each party.
The biggest sums were owed to individuals who have largely previously held stakes in the club, with Ross Morrison listed as being owed £1,650,251, Allan Munro owed £661,500 and David Cameron owed £410,000.
Former chairman David Sutherland was owed £252,500, Liam Dalgarno is listed as being owed £100,000, while Graeme Bennett is on the list for £80,000.
Former chief executive officer Scot Gardiner was noted as being owed £70,000.
Other individuals listed as being owed significant sums were John Gibson at £100,000 and Roddy Ross as £80,000.
There are also other football clubs on the list, with Dundee being owed £3982.60, Manchester United being owed £289.57, Highland neighbours Ross County being owed £2147.65 and Everton being owed £18,340.26 – plus another £700 being owed to the Scottish Football Association.
Inverness businesses were also listed in the report. A9 Accountancy are owed £8148, Cafe V8 are owed £5150, D&E Coaches are owed £2640, Highland Heating Management are owed £4470.61, IRN Security are owed £579 and James Dow Office Supplies are owed £518.15.
MacGregor Industrial Supplies are owed £692.39, McBride Signs & Engraving Services are owed £166.32, Ness Castle Lodges are owed £4400, Norscott Vending Dervices are owed £117.26, Physio Inverness are owed £1322.50, Scotbake are owed £7329.20, Simpson Highview are owed £320, The Sign Centre are owed £2512.68 and Red Poppy are owed a whopping £26,312.24.
High Life Highland are also owed £5356, Inverness Chamber of Commerce are owed £648 and Highland Council are owed £94.92.
At the other end of the scale, some companies are owed miniscule amounts. Communications company O2, for example, are owed £1.64.
It has also been confirmed that the process of administration had cost £252.015 up to December, with that number only increasing the longer Caley Thistle stay under the control of BDO.