The 9.05 million debt has resided in a company called Priestfield Developments which is a wholly owned subsidiary of GFC Holdings which also is the major shareholder in GFC. The debt being secured by a guarantee. In Sept PS elected to voluntarily 'write off' the company from Company House records. This was approved in Oct and will be effective in the next few days. Normally any assets left in dormant companies become the property of the state. I can't see Mr Hammond taking 9.05m onto the UK debt, so where's it gone???