Collapsed entertainment retailer HMV owed more than £20m in tax when it collapsed in January following a poor Christmas, new figures have shown.
In documents filed with Companies House, the retailer revealed it owed £109m to its bankers including the Royal Bank of Scotland.
HMV Music Limited also owed £53.3m to other creditors, the Mail on Sunday reported.
HMV collapsed into administration in January after facing sustained competition from online rivals, supermarkets, and illegal music and film downloads.
Restructuring firm Hilco subsequently acquired HMV’s debt, although the retailer remains in administration.
Hilco is understood to want to keep 130 stores as part of a £50m bid submitted to administrator Deloitte to rescue the retailer.
Last week, Deloitte sold the collapsed entertainment retailer’s stores in Hong Kong and Singapore to AID Partners Capital.
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