Lord Rayleigh cash

14 February 1997

Lord Rayleigh cash

FARMER creditors of Lord Rayleighs Dairies, which went into liquidation last November and was subsequently sold to MD Foods, this week received a first dividend worth 5.53p in the £.

Further payments up to an estimated total of 15p in the £ are anticipated in the summer, once the liquidators have settled a number of disputed claims.

"We hope to resolve these as soon as we can, without recourse to the courts," said Chris Barlow of Coopers & Lybrand.

In total, £11.4m is owed to unsecured creditors. &#42

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