Ardmore Construction: administrators say claims are substantial
The administrators of Ardmore Construction Limited say the claims against the collapsed contractor are substantial, with some funds already recovered and a potential dividend for unsecured creditors. The update covers money recovered from HMRC, debtors, and suppliers, as well as ongoing legal disputes related to building liability, cladding, and subcontractor contracts.
What the claim update shows
Administrators report that more than £3.4 million has been recovered from HMRC, including overpayments and credits on Ardmore’s PAYE and National Insurance accounts. Additionally, over £18,500 has been recovered from company debtors and several thousand pounds from utilities suppliers and former bankers. These recoveries, combined with realisations to date, may allow a dividend to be paid to unsecured creditors, though the final amount depends on the total number of agreed claims and future realisations.
Key facts you should know
The claim update comes from Ardmore Construction Limited’s administrators, Begbies Traynor. Funds recovered so far are intended to support payments to creditors who do not have secured rights. The eventual dividend size depends on how many creditor claims are admitted and on future realisations. Ongoing litigation includes Building Liability Order (BLO), cladding and fire safety claims, and settlement agreements with subcontractors.
Who is affected
Unsecured creditors of Ardmore Construction Limited could receive a dividend if funds remain after the administration has paid secured debts and administrative costs. This may include suppliers, subcontractors, and other parties owed money. The exact impact on individuals or firms depends on the admitted claims and the administration’s ongoing negotiations and court outcomes.
Practical next steps for concerned parties
Creditors should watch for official updates from the administrators (Begbies Traynor) and any published reports on realisations and admissible claims. If you believe you are owed money, you may need to file or confirm a claim with the administrator and monitor any distributions notice. Ongoing litigation matters (BLO, cladding, fire safety) may affect timelines and potential compensation, so stay informed through official administration communications.
Limits and questions to consider
The administrators warn that dividend size depends on the final number of agreed claims and future realisations. Not all creditors may receive payments, and timelines for distributions are not guaranteed. For readers seeking clarity, check the administrator’s progress reports and any court updates on BLO and cladding disputes, as these can influence outcomes and payment timing.
Which sources did Setup in Bahrain review?
Setup in Bahrain reviewed the following source material before preparing this explanatory article.
The links remain visible so readers can inspect the evidence, compare dates and context, and confirm current requirements with the relevant authority.
- constructionwave.co.uk — evidence source reviewed for this article.
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