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Birmingham Post
Birmingham Post
Business
William Telford

Huge scale of Midas debts revealed following construction firm's collapse

The collapse of South West construction giant Midas means almost 2,000 other businesses in its vast supply chain are unlikely to receive a penny of the cash they are owed.

Administrators have already received claims for £22,091,980 from unsecured creditors but have warned the final total might be even higher.

The list of creditors owed money when Exeter-headquartered Midas Group hit the buffers has already surpassed 1,700 and includes small and medium-sized companies claiming anything from a few hundred pounds to six-figures sums.

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