The Official Receiver has today (Monday 8 July) posted online a notice of intended dividend in respect of the various companies within the Thomas Cook group. Winding up orders were made against Thomas Cook Group plc and associated companies back in September 2019 and the Official Receiver was appointed by the court as Liquidator.
The notice of intended dividend has a last date for proving of 2 August 2024 and confirms that a first and final dividend will be paid to creditors within two months of this date. The Official Receiver has obtained a court order to allow for the notice to advertised rather than sending to (presumably a long list of) creditors.
The latest information available in relation to the former (and original, having begun with a day trip from Leicester to Loughborough in 1841) tour operator suggests that dividend rates vary from unlikely, through uncertain, to expected at less than a 1% to a maximum indicated return of over 15% in 2 companies only.
Where relevant (and this case pre-dated the return of HMRC to secondary preferential status), preferential creditors have been paid in full in nearly all companies within the group.
