Rivals gather to pick over Clugston contracts

By Hamish Champ2020-02-06T13:47:00

Quintet of firms doing due diligence on projects being worked on by collapsed contractor

Five companies have begun due diligence on contracts that were being worked on by Clugston when it went bust last December.

KPMG, administrators to the collapsed firm, said it had approached 36 interested parties to assess their interest in 19 regional construction projects where Clugston had been the lead contractor.

It said it had received signed non-disclosure agreement paperwork from 19 of these parties, with five visiting Clugston’s head office to go over the numbers.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community