Creditors £5m out of pocket after fall of groundwork firm McArdle

摘要

The collapse of groundworks specialist McArdle has left trade creditors £5.3m out of pocket, according to a creditors' report by administrator PwC. PwC has found funds to pay 61% of the value of trade creditors' bills - or £8.2m out of £13.5m owed - leaving the £5.3m shortfall. PwC was appointed administrator for McArdle on 22 April, as well as for parent company Mercier Holdings and sister companies McArdle Plant Hire and McArdle Waste Services.