Creditors owed money by Aylesford Newsprint - which includes the firm’s own pension scheme - could miss out on a reported £80m.

A statement of affairs issued by directors of the firm is understood to say that Sitara Finance Ltd, the company’s secured creditor, is owed £12m.

But it is expected that unsecured creditors, owed a total of £124.3m, will receive just £40.2m, leaving a shortfall of £84.1m.

Among those creditors is the firm’s pension scheme.

Aylesford Newsprint fell into administration in February costing more than 230 jobs.

A further 65 staff were retained to help the administrators KPMG to sell the paper maker’s assets and decommission the plant, which produced on average 400,000 tonnes of recycled newsprint a year.

The Kent Messenger revealed last month how the firm was making losses of more than £32 million in the years leading up to its closure.

The New Hythe Business Park company’s latest accounts show the firm suffered an £88 million negative swing in fortunes between 2012 and 2013, as an over supply of newsprint on the market put pressure on finances.

The administrators are in discussions with property consultants regarding the land, and will issue their proposals by Tuesday.

Items like forklift trucks, loading ramps and industrial guillotines will go under the hammer with property and asset consultants ES Group on May 19 and 20.