News

Bisset Adams went bust owing nearly £500,000

By 2022-03-10T07:00:00

Bisset Adams - Blackpool Winter Gardens

Staff appear to be biggest losers, according to liquidator’s report

Bisset Adams went bust owing more than £464,000, new documents reveal.

The sum includes more than £200,000 owed to staff. They are set to recover only a fraction of that, in the form of £3,750 earmarked for holiday pay.

The only other creditor likely to see any of its money is HMRC which is owed £177,000. It is listed as a preferential creditor, meaning it will be paid before trade creditors who are owed £126,000.

…

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.