WRW owed ￡29m when it failed

摘要

Welsh contractor WRW collapsed owing a range of creditors ￡29.4m, its administrators have revealed. Unsecured creditors, the vast majority of which were subcontractors and other construction suppliers, were owed around ￡18.7m by the firm, which collapsed into administration in early July. The administrators expect unsecured creditors to receive nothing, aside from a share of ￡800,000 set aside as the prescribed part. A loan company called ThinCats is owed around ￡10m and is the largest single creditor.