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Collapsed civils firm owed more than £2m to trade creditors
['Greg Pitcher']
Construction News
Civils and groundworks contractor Agetur (UK) Ltd owed trade creditors more than £2m when it collapsed, according to new documents.
Combined, these make £558,716 of preferential creditor claims.
Swindon-based Bancumm Surfacing is among the biggest trade creditors, with a claim for more than £320,000.
In their statement of proposals last month, the administrators said unsecured creditors are “uncertain” to receive a distribution.
In total, creditor claims amounted to about £4.2m, comprising the amount owed to trade creditors, preferential claims and claims from former employees and directors.