So this Northern surplus is purely theoretical (irrecoverable accounting accruals), as the South that bought the goods cannot pay back the accumulated dept.
The council is continuing with legal action which is aimed at winding the UK company up to stop it trading and prevent further irrecoverable funds becoming due.
Parliament's true friends are those who want it to evolve in ways that make it more effective in that job, not those nostalgic for a largely mythical and wholly irrecoverable past.