Collapsed plant hire firm owed £50m

Hawk Plant (UK)  had debts of more than £50m when the group collapsed into administration last month. New documents have detailed how the plant hire group's funders have borne the brunt of the losses. Asset-based lender Wells Fargo is owed £29.4m and alternative funder Aurelius Finance £6.0m. Business Growth Fund (BGF) is owed £10.6m, although only £1.5m is subject to a floating charge. Administrators from EY - Sam Woodward, Alex Williams and Hunter Kelly - have initially estimated Hawk Plant's deficit to be £52.6m. ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
Close