{"id":14031,"date":"2023-03-10T18:51:06","date_gmt":"2023-03-11T02:51:06","guid":{"rendered":"https:\/\/essential.construction\/news\/collapsed-concrete-flooring-specialist-owes-suppliers-10-6m\/"},"modified":"2023-03-10T18:51:07","modified_gmt":"2023-03-11T02:51:07","slug":"collapsed-concrete-flooring-specialist-owes-suppliers-10-6m","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/collapsed-concrete-flooring-specialist-owes-suppliers-10-6m\/","title":{"rendered":"Collapsed concrete flooring specialist owes suppliers \u00a310.6m"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<p>Manchester based specialist Malin Industrial Concrete Floors went into administration last month owing suppliers and subcontractors \u00a310.6m.<\/p>\n<p>An update from administrator Mazars LLP filed at Companies House highlighted the scale of debts.<\/p>\n<p>The administrator added &#8220;it is currently anticipated that there will be sufficient funds to enable a return to unsecured creditors,however such a return is dependent upon the level of realisations and costs incurred in the administration and is therefore currently uncertain.&#8221;<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a rel=\"nofollow noopener\" data-ad-id=\"438362\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.drsbonds.co.uk%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\"><\/a><\/div>\n<\/div>\n<p>Malin went down in February following cash flow struggles caused by fixed-price contracts and delays to a number of schemes in its pipeline. All 31 staff at the business were made redundant.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a rel=\"nofollow noopener\" data-ad-id=\"438362\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.drsbonds.co.uk%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/DRS-Construction-Enquirer-MPU-July-2020-st3C.gif\" alt=\"-\"><\/a><\/div>\n<\/div>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a rel=\"nofollow noopener\" data-ad-id=\"93789\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.constructionline.co.uk%2Fproducts-services%2Fmemberships%2F\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/03\/1678503066_980_002- Constructionline-GIF-V2.gif\" alt=\"-\"><\/a><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/03\/10\/collapsed-concrete-flooring-specialist-owed-suppliers-10-6m\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manchester based specialist Malin Industrial Concrete Floors went into administration last month owing suppliers and subcontractors \u00a310.6m. An update from &#8230; <a title=\"Collapsed concrete flooring specialist owes suppliers \u00a310.6m\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/collapsed-concrete-flooring-specialist-owes-suppliers-10-6m\/\" aria-label=\"Read more about Collapsed concrete flooring specialist owes suppliers \u00a310.6m\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-14031","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=14031"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14031\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=14031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=14031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=14031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}