Failed London fit-out specialist owed trade firm 13m

London and south east fit-out and refurbishment specialist Twenty 1 Group collapsed leaving over 300 trade firms nearly £13m out of pocket.
The extent of debts at the main trading companies, Twenty 1 Construction and Twenty 1 Interiors, has been exposed in a report from administrator Grant Thornton.
Trade creditors were warned that HMRC, preferred creditor, was owed £9.7m, meaning there would be no funds available to pay them.
In retentions alone £3.3m was held by Twenty 1 Cons