Slow progress in Lonsdale administration

Jamie Taylor and Dominik Thiel-Czerwinke of Begbies Traynor, the joint administrators of Lonsdale, which was once one of the UK’s largest M&E specialists and the 77th biggest contractor in the UK, have revealed that, although they have clawed back £672,578 from Lonsdale’s debtors to date, neither unsecured creditors nor HMRC as secondary preferential creditor are likely to see a dividend.

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