Employees of collapsed Midas owed more than £4.5m

By Dave Rogers2022-04-11T06:00:00

300 employees left out of pocket as amount owed by group to suppliers nears £60m

Around 300 employees of collapsed contractor Midas are owed more than £4.5m, an update by administrator Teneo Financial Advisory has revealed.

In documents filed at Companies House, 239 employees of Midas Construction are owed £3.2m while a further 61 employees at parent Midas Group are out of pocket by £1.4m. It means each employee is owed an average of £15,333.

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