News.

Administrators have revealed that*120 staff of Lancashire-based travel company, Fraser Eagle Group,*are unlikely to receive any back pay owed after the company collapsed in March.

Accountants Baker Tilly reported that the company, which also included travel agency Fraser Eagle Worldchoice, was [pounds sterling]10 million in debt at the time of collapse, almost [pounds sterling]6 million of which is owed to unsecured creditors. The*report*also revealed that staff, who*are owed [pounds sterling]100,000 …