Collapsed cladding firm’s directors ‘owe liquidators £600k’
Summary
An insolvency investigation into collapsed cladding contractor M Price Group Ltd has led to a demand that its two directors repay more than £600,000. The claim relates to transactions made before the company’s collapse and has been raised by insolvency specialist Seneca IP.
Why it matters
This is relevant to residential property surveyors because it sits within the wider cladding and building-safety landscape, where contractor failure can affect remediation delivery, costs and project continuity. It also highlights the financial and legal risks surrounding firms involved in external wall and façade works.
Key points
- M Price Group Ltd has collapsed.
- Its two directors have been asked to repay more than £600,000.
- The demand follows an investigation into pre-collapse transactions.
- Insolvency specialist Seneca IP is involved in the claim.
Organisations:
Construction News, M Price Group Ltd, Seneca IP
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