Cautious subbies contain Ardmore losses at £5.1m

Subcontractors have been left £5.1m out of pocket by the collapse of Ardmore Construction Group, which went down owing creditors £29m.
The supply chain hit is more contained than many had feared after firms tightened credit as concern grew over Ardmore’s exposure to major building safety claims.
Ardmore Construction Group entered administration on 11 June after Crest Nicholson secured a £14.99m adjudication decision over alleged fire safety defects at the 569-home Admiral