Henry administrators chase after ₤ 10m director payment
Examinations by FRP advisory have actually exposed the business paid ₤ 10m to parent business Henry Group Holdings, which remains in liquidation, in January 2023.
The money was consequently paid in May 2023 to an investor who was a director of both business.
Henry Construction Projects entered into administration in June 2023.
FRP has actually required payment of the cash and introduced legal action with the funds frozen while lawsuits continues.
When FRP was selected ₤ 400m turnover Henry had 60 live websites with simply 54 personnel and a more 41 farmed out amount property surveyors on the books.
Providers and subcontractors are owed ₤ 43m following the company's death.
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