All eyes on shareholder vote as Interserve suppliers brace for firm's administration

By Will Ing2019-03-15T06:00:00

Firm could plunge into pre-pack administration if investors reject rescue deal today

Interserve’s subcontractors are bracing themselves for the firm collapsing into administration ahead of this morning’s crucial shareholder vote on its planned rescue deal.

Debbie White, chief executive of the £2.9bn-turnover firm, has said accounting firm EY will handle an imminent pre-pack administration – unless shareholders vote through her rescue deal.

One firm owed money by the ailing firm told Building: “If it goes under, where does that leave subcontractors like me who are owed money from previous jobs and are still doing jobs for Interserve?”

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