Squibb creditors left high and dry

Construction Enquirer has reported that creditors hit by the demise of demolition contractor Squibb Group late last year have no prospect of getting their money.

Squibb collapsed in 2023 owing twenty four point six million pounds to its creditors.

The company has cited the impact of covid and a drop in scrap sales in its untimely demise.

Squibb was also among 10 members of the National Federation of Demolition Contractors fined for their involvement in a bid-rigging scandal by the Competition and Markets Authority.