Business partners and creditors - including HMRC - owed a combined £81m from the collapsed high street chain Jessops are to be left out of pocket, PwC has confirmed.

The Big Four firm, appointed as administrator back in January, informed unsecured creditors to the photography store of the bad news via a statement of affairs issued recently.

HMRC will miss out on £1.3m in unpaid VAT, National Insurance and PAYE contributions, according to the 21 page document explaining the actions PwC carried out as administrator to Jessops.

The single largest creditor, HSBC, will not see £28.8m of the loan it initially lent to the failed chain, while the government's Pension Protection Fund (PPF) is to lose out on £2.5m, while camera manufacturers Nikon and Canon - despite receiving £23m in returned stock - will see a shortfall of almost £20m as a result of the collapse.

The report sent out to the creditors also revealed that proceeds of the sale of a portion of the Jessops business - including naming rights and the online business - to a joint venture, involving Dragon's Den entrepreneur, Peter Jones, was £1.65m.