Canbury Construction went down owing suppliers £3.5m

Sussex based contractor Canbury Construction went into administration owing subcontractors and suppliers more than £3.5m.
An update filed at Companies House by administrators from MHA MacIntyre Hudson reveals that 185 non-preferential creditors have been left holding worthless invoices.
Canbury collapsed last November following a cash flow squeeze as three major projects were due for completion at the same time as materials and labour costs continued to rise.The firm’s commercial tea