Geoffrey Osborne went under owing £45.1m
Top Stories Tamfitronics Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported.In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on 30 April.Five of these companies were owed more than £1m: Bowmite Electrical & Mechanical Ltd (£1.2m), Elite Landscapes Ltd (£1.5m), East West Connect Ltd (£1.4m), Macai Ltd (£1.3m) and Rosguill Developments Ltd (£1.6m).Total debts owed by Geoffrey Osborne were £45.1m, RSM said in its report.This included £16.2m owed to related firms Osborne Group Holdings Ltd (£8.4m), Osborne Slinfold (£3.4m) and Fishbourne No 2 (£4.4m).As preferential creditors, Geoffrey Osborne’s employees are set to receive £134,761. More than 100 staff were laid off when the company went under.When RSM was...
