Woodmace went down owing suppliers £11m

The collapse of civils, groundworks and concrete frame specialist Woodmace has left suppliers holding £11m in unpaid bills.
The full extent of debts owed to the supply chain was revealed in an administrator’s report filed at Companies House.
Subcontractors and suppliers are unlikely to receive a penny for their invoices despite the company being bought out of administration by its founder and former owner John Oak.Woodmace went into administration in July following a cash flow crisis