Creditors of insolvent no-win, no-fee company Life Repair Group are unlikely to get any money back, according to the administrator.

Life Repair Group administrator Paul Stanley of Begbies Traynor said: "The chances of creditors getting any money is very slim."

He said the final amount available to creditors would only be known once personal injury claims still in progress had been resolved.

Claims management firm Life Repair Group went into administration on 28 November 2003.

Failure to find new funding and underwriting facilities were blamed for the collapse of the no-win, no-fee company.

First National Litigation Funding had provided $45m worth of loans to fund the claims.

Funds raised by the sale of the company's offices will go to its mortgage provider, the Royal Bank of Scotland.

A report on the conduct of the Life Repair Group's directors has been submitted to the Department of Trade and Industry, in accordance with statutory requirements.