Defunct Laing O’Rourke firm ‘could’ pay back slice of £127m debt

Liquidators of Laing O’Rourke Construction South say unsecured creditors owed more than £127 million may receive a distribution after recoveries including an intercompany debt and expected VAT refund, although potential insurance recoveries tied to defect claims on former projects are considered unlikely given the risks and costs of pursuit.

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