Brymor trade contractors hit for £16m

Unsecured trade creditors of failed contractor Brymor Construction have been left £16m out-of-pocket.
Administrators for Brymor Construction and Brymor Group have warned that there is little chance of any funds being left for suppliers and subcontractors after the south east contractor’s bank has been paid £2.85m it is due.
The administrator’s report circulated to creditors reveals details of the pre-pack deal struck with Hampshire investment company Porchester Equity to