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Dan Whelan
The collapsed contractor’s administrator has sold two plots at Dukinfield Golf Club to housebuilder Elan Homes for £1.8m, and extended the administration period for a further two years to increase the chances of delivering a financial return for creditors owed £45m.
In its most recently published report on Bardsley Construction, Duff & Phelps said a total of £1.2m from the land sale will go towards repaying the company’s creditors, after £600,000 of the proceeds was apportioned to the company that owned the golf club. That company is also now in administration.
Tameside-based Bardsley collapsed in December 2019 after running into trouble on three major projects that caused a £3.2m hit to its bottom line, according to previous administrators’ reports.