Administrator for contractor says it is in discussions with a number of companies that have expressed interest
Up to 20 firms are looking at acquiring part of all of stricken Midlands contractor Anglo Holt, its administrator has revealed.
Baker Tilly, which was appointed as administrator for the West-Bromich-based Anglo Holt last week, said they are in discussions with a number of companies that have expressed an interest in either contracts or assets in the firm.
Anglo Holt was put into administration earlier this month after suffering cashflow difficulties as a result of substantial contract losses in the past 18 months.
The firm, which included hotel operator Travelodge among its clients, had eight live contracts including seven in the leisure industry and a warehouse / office contract.
In a statement Travelodge said: “We are currently working with the affected developers to secure alternative arrangements for the completion of the projects. We expect the hotels to be completed and transferred in due course.”