Cardy Construction, which went into administration in August, owed £18.1m to creditors, a report from administrator RSM Restructuring has revealed. The sum is more than £4m above the figure provided by the contractor in its statement of affairs filed with Companies House.
The report said that when it went into administration, it had 13 live contracts for which it was main contractor, ranging in value from a few thousand pounds up to £25m.
Its clients included Rolls Royce as well as various airlines, hotel chains, and a regional health authority.
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