Shaylor's final creditors bill stands at £47m

摘要

Shaylor Group collapsed owing £47m to almost 700 creditors, according to administrator FRP Advisory. The £142m-turnover contractor laid off most of its 200 staff in June, when it keeled over after months of emergency talks. FRP said it expects Shaylor's 672 unsecured creditors to receive just 0.39p for even/ pound they are owed - meaning almost all of the unsecured trade creditor debt of £19m will be written off. Those having to wear losses including Redditch mechanical contractor Hartle, which is out of pocket by £821,000. Others owed include civil engineering specialist Barhale, which is down by £166,000.