Woolworths’ lenders are in line to receive millions of pounds in fees following the collapse of the retailer.

As secured creditors, the consortium of lenders are expected to recover the full£385 million they lent Woolworths in February last year.

According to the Daily Telegraph, the lenders, which include Burdale Financial and GMAC Commercial, will also collect penalty fees that will run into millions of pounds.

The clause that forces the payment was agreed when Woolworths borrowed the money last year secured against the retailers’ stock.

The controversial fees are entirely legal but are likely to reignite the argument about the role the lenders had in the embattled retailer’s collapse.

Administrator Deloitte is also believed to have made millions of pounds in fees since Woolworths was placed into administration.

Separately, entertainment companies including EMI and Microsoft are preparing legal action against Deloitte to claw back millions of pounds worth of stock.

Woolworths’ distribution arm EUK, which fell into administration along with Woolies’ retail arm, still has DVDs, CDs and games worth millions pounds lying in its warehouses.

Meanwhile, Woolworths staff in Jersey have launched a petition after being told they will not receive redundancy money because UK statutory redundancy payouts do not apply to the Channel Islands.

More than 2,500 people have signed the petition, which calls for all 120 employees to be paid.