Contractors Suffering As Property Firms Fold ; Housing Anger As Owners of Collapsed Firms 'Seem to Walk Away'

Summary

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Administrators need to do more to protect the small businesses that are most at risk from the fall-out of collapsing property companies, SMEs and lobby groups have said.

Contractors in the West Midlands are struggling to recover from a number of high-profile housing company collapses in recent months, with development companies being taken into administration, leaving creditors out of pocket.

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Extract

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Contractors Suffering As Property Firms Fold ; Housing Anger As Owners of Collapsed Firms 'Seem to Walk Away'

And small firms are becoming increasingly angry that the owners of development companies seem to be able to walk away from firms taken into administration while their creditors struggle to recover the money ...

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