Administrator lists debts: Taxpayer owed £50m

A “statement of affairs” produced by Deloitte, the administrator of the shipyard, show £49.7m is owed to the Scottish government – nearly £5m more than previously revealed. The Scottish government said it provided two commercial loans totalling £45m to Ferguson Marine, on which interest applies. The new figures also reveal that two partially-built CalMac ships at the centre of the firm’s collapse have been valued at £48.3m, nearly half the value of the £97m deal agreed to build the ships. Ferguson Marine went bust owning more than £73m. Further details from the document show that: