{"id":31354,"date":"2025-07-15T08:09:04","date_gmt":"2025-07-15T15:09:04","guid":{"rendered":"https:\/\/essential.construction\/news\/corbyn-suppliers-left-4-4m-out-of-pocket\/"},"modified":"2025-07-15T08:09:04","modified_gmt":"2025-07-15T15:09:04","slug":"corbyn-suppliers-left-4-4m-out-of-pocket","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/corbyn-suppliers-left-4-4m-out-of-pocket\/","title":{"rendered":"Corbyn suppliers left \u00a34.4m out-of-pocket"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-499669\">\n\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>The scale of the firm\u2019s debt has been laid bare in an update from administrator FRP Advisory filed at Companies House.<\/p>\n<p>Corbyn went into administration in May after more than 35 years in business.<\/p>\n<p>The company also owed HMRC \u00a31.6m and its bankers NatWest \u00a32.5m.<\/p>\n<p>Corbyn only employed eight staff but a raft of self-employed workers were also owed wages when the contractor went down.<\/p>\n<p>FRP said Corbyn was facing a cash flow crisis leaving it unable to pay creditors on time.<\/p>\n<p>The update said suppliers and staff were unlikely to receive a penny for their unpaid invoices and wage slips.<\/p>\n<p>Latest accounts for the company for the year to June 30 2023 show a turnover of \u00a332.8m generating a pre-tax profit of \u00a3436,000.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n<div class=\"author-info\">\n<div class=\"sleeve\">\n<div class=\"author-avatar\">\n<div class=\"sleeve\">\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/userphoto\/3.jpg\" alt=\"Grant Prior\" width=\"150\" height=\"150\" class=\"photo\">\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><!-- .author-info -->\t\t\t<\/footer>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2025\/07\/15\/corbyn-construction-suppliers-left-4-4m-out-of-pocket\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The scale of the firm\u2019s debt has been laid bare in an update from administrator FRP Advisory filed at &#8230; <a title=\"Corbyn suppliers left \u00a34.4m out-of-pocket\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/corbyn-suppliers-left-4-4m-out-of-pocket\/\" aria-label=\"Read more about Corbyn suppliers left \u00a34.4m out-of-pocket\">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-31354","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\/31354","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=31354"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/31354\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=31354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=31354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=31354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}