Administrations

More than 1,000 pieces of plant and machinery from collapsed contractor Dawnus will go under the hammer later this week. Among the lots up for auction are 40 excavators weighing between six and 20 tonnes, nine articulated dump trucks, two crushers, a drilling rig and 21 commercial vans. Dawnus administrator…

Interserve plc creditors are set to lose £86.6m as a result of the its March pre-pack administration, documents filed at Companies House have revealed. The business owed a total of £114.1m when it was sold by administrators EY to a company formed by the firm’s lenders. Interserve expects the administration to…

Suppliers owed around £13m by Lakehouse Contracts Limited will have to wait for the outcome of investigations into the failed firm to find out how much they will recover, according to an administrators’ report. The sale of a maintenance company with assets of £3.6m for £1 and the recovery of…

Cladding specialist Face Facades collapsed due to late payment, the firm’s liquidators have revealed. The company, registered as Facade and Cladding Engineering Limited, stopped trading on Monday of last week when administrators CVR Global took over. A statement from CVR Global partner Steve Ramsbottom said: “The business was experiencing cash…

Paragon Interiors' unsecured creditors must wait for Notts County Football Club to be sold before finding out how much money they can recover, administrators' proposals have revealed. The report from administrators at Leonard Curtis have revealed Paragon Interiors collapsed in February owing £14.1m to its creditors. Unsecured creditors, mainly suppliers…