The Body Shop’s unsecured creditors could recoup nearly £5million more back from the embattled beauty chain than initially expected, according to administrator FRP.

Based on an analysis of the statement of affairs FRP prepared for its creditors, which outlined its updated financial position, unsecured creditors could get back 17p in the pound.

Initially, FRP thought they would get 15p for every pound they were owed by the fallen high street giant.

FRP estimates the beauty business has…