Collapsed Dawnus owed £50m after more than 70 firms turned down chance to rescue stricken builder

By Will Ing2019-05-21T11:59:00

Source: Shutterstock

Contractor had already received emergency funding from Welsh government

Dawnus owed creditors almost £50m when it ceased trading in March, with an attempted sale of the business and a cash injection from the Welsh government having failed to fend off insolvency.

All but 21 of the firm’s 700 staff were made redundant when it collapsed in March after days of trouble with unpaid subcontractors.

Now administrators have revealed the £172m-turnover firm owed £40m to trade creditors when it keeled over, with another £3m owed to HMRC, £5m owed to employees, and £667,000 owed to directors.

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