Quote from the administration completion report.
http://www.uhy-uk.com/assets/media/download/portsmouth%20reports/Completion%20report.pdf
I being AA.
And
So if Portpin had paid the small creditors he could have claimed it back from PFC.
Being part of the CVA if the small creditors are not paid the CVA would not be completed correctly and I imagine that would mean a points deduction.