Lagan Construction Group 拢45m in debt
- Published
Lagan Construction Group can trace its origins back more than 50 years
A leading Belfast construction company which collapsed in February has liabilities of more than 拢40m.
Lagan Construction Group Limited has been unable to continue trading on existing contracts, like the new Ulster University campus.
Papers filed at Companies House show 拢21m is owed to other businesses.
Along with connected firms, it is also "jointly and severely liable" to Danske Bank for 拢24m.
About 200 jobs were lost when four companies within the group went into administration.
It cited delays and disputes involving several projects.
Administrators KPMG estimate the group has assets of 拢21m, which they are seeking to sell.
- Published20 February 2018
