Creditors chase 6.5m after Herbert Baggaley collapse

Published:  03 May, 2013

Travis Perkins and Elliott Group are among the trade creditors chasing 6.5m unpaid contracts after the collapse of the Nottinghamshire-based contractor Herbert Baggaley Construction. Travis Perkins is owed 20,452 and Elliott Group 27,499.

Administrator KPMG estimates 2m can be found to pay trade creditors, leaving an estimated 4.5m shortfall.

In a creditors report filed at Companies House this week, KPMG said the general downturn in the economy and decreased activity and margins had forced the firm under.

The Mansfield-based firm, which dates back to 1908, made a 1m loss in 2011 and 2012, KPMG said. KPMG was drafted in two months before the firm entered administration to try and find a buyer or investor, but despite contacting 100 parties was unsuccessful.

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