MORE than 200 businesses, individuals and public bodies are owed money after Hearts FC went bust and the total debt is £29m, new accounts show.

A list of creditors of the Tynecastle side has been released by administrators, BDO, as a new buyer for the club is being sought.

Those who have had their invoices unpaid by the club include HM Revenue and Customs (£1.8m), Scottish Police Authority and Edinburgh City Council (£18,000).

Property companies including Savills and Ryden Lettings are out of pocket, with bills also going unpaid for mobile phones, laundry and hotel stays.

Football clubs owed money by Hearts FC include Liverpool, Livingston and Rangers.

The Lady Haig Poppy Factory in Edinburgh is owed £185. A spokeswoman stressed this was not a public donation that had not been handed over but an unpaid purchase from the factory, most likely to be a wreath.

By far the biggest creditor is Ukio Bankos, in which former club owner Vladimir Romanov previously had a controlling interest. It has gone into liquidation and is owed more than £15m by Hearts.

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The insolvent Lithuanian bank, which owns almost 30 per cent of the club and is owed £15.5million, holds a floating charge over Tynecastle Stadium, giving it the power over a Company Voluntary Arrangement.

BDO, which has announced an initial meeting of creditors on August 12, outlined the club's debt in its "statement of administrator's proposals", which was sent to those owed money by the club and filed with Companies House.

Trade and expense creditors are owed almost £1.2million, non-football employees are due £58,500 and Her Majesty's Revenue and Customs is short of almost £1.9million.

Hearts last season secured a deal to pay a £1.6million tax debt over three years and the first instalment was thought to have been paid.

Major shareholder UBIG, which is also insolvent, is owed £8.2million but a further £1.2million is owed to a British Virgin Islands-based company called Milson Capital Corp in respect of money loaned to pay wages.

UBIG, which like Ukio Bankas was once among Vladimir Romanov's business interests, is also insolvent after ending its subsidies to the club before last year.

Football debt is listed at £535,000 with most of this owed to players over wage arrears along with the balance of money owed to redundant players under the terms of their contracts.

The report states that four players were made redundant on June 20 with another following a week later.

Administrators said when they took over that two senior players and two youth players would be made redundant. The experienced players are believed to be Marius Zaliukas and Andrew Driver, whose contracts were due to expire. John Sutton was also made redundant after opting to join Motherwell.

Some clubs are also owed money, notably Liverpool who are due almost £50,000 after loaning Danny Wilson and Michael Ngoo to Hearts last year. The likes of Stenhousemuir, Ayr United and Musselburgh Athletic are owed smaller sums.

In addition to four players who agreed wage cuts, the report reveals that 24 of the non-playing staff agreed to waive their rights to any wages or expenses for the duration of the administration.

Other creditors include the Big Hearts Community Trust (£34,000) and the City of Edinburgh Council (£93,000).

BDO has recorded a trading surplus of £958,000 since taking over on June 20. The vast majority of income, about £900,000, has come from season-ticket sales.

The administrators also secured a £100,000 fee for Arvydas Novikovas, who joined German side Erzgebirge Aue in the summer.

The club have also received £48,000 in donations, which have been ring-fenced.

Administrators' fees so far work out at £227,000 but they reiterated that they do not intend to draw a fee "until agreed with Ukio Bankas administrators".

Ukio Bankas administrator Gintaras Adomonis this week told BDO to continue negotiations with fans' group the Foundation of Hearts and Five Stars Football Ltd, which lists controversial former Livingston owner Angelo Massone among its directors.

A third offer placed by HMFC Ltd was rejected outright.

Adomonis warned that he would have no option but to force the liquidation of the club and sell Tynecastle separately if no offer was forthcoming.

BDO's Bryan Jackson responded by saying progress was being made and added that selling Tynecastle separately could prove difficult.