The defunct Bradford Bulls company which plunged into administration with £1.3 million of debts has now entered liquidation, it has emerged.

A progress report into the financial affairs of Bradford Bulls Holdings by administrators the P&A Partnership shows the former outfit has moved into creditors voluntary liquidation after receiving £28,681 claims from preferential creditors and £1,120,667 from unsecured creditors.

The news comes as the Super League side’s current owner Omar Khan was forced to deny the club was on the brink of a second financial meltdown in less than 12 months after it was revealed a “temporary funding issue” meant players and staff will not be paid until August 8.

Joint administrator Brendan Guilfoyle said the purpose of the administration of Bradford Bulls Holdings was to realise property so cash could be given to one or more of the secured or preferential creditors.

“The above objective will be achieved as a distribution to preferential creditors as anticipated in due course via the subsequent liquidation,” he added.

Creditors of the former company include Revenue and Customs – owed more than £500,000 in unpaid tax and National Insurance – Bradford Council, due £45,071 in business rates, and Integrated Bradford LEP, which should have been paid £186,100 for its work.

Smaller Bradford businesses Panache cheerleading school, Direct Cleaning Bradford and Wakefield’s County Catering Special Event were among others to lose out when the company collapsed. Mr Guilfoyle has previously said unsecured creditors are unlikely to get any money back.

The report shows administrators expected to receive preferential creditor claims in the region of £41,996 and unsecured creditor claims of £1,286,868, but the amount received was less.

The P&A Partnership says its costs to date for dealing with the administration totalled £349,051 but the company’s preferential creditors approved they should receive £133,225.

The document also reveals the resolution of a dispute between Mr Khan and administrators over who owed cash to who, which led to Mr Khan delaying the final £25,000 instalment of his £150,000 payment for the club by two months.

The Telegraph & Argus reported in February how a report for creditors dated January 28 stated OK Bulls owed £15,200 for expenses incurred by the administrators for the club’s home game against Hull the day after Mr Khan took over.