Place North West | Bardsley land sale boosts creditors' coffers
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...
Source: placenorthwest.co.uk