Collapsed product firm hit with £135m of ‘mainly’ cladding claims, administrator says

sto pic

In June, High Court ordered German parent of Sto Ltd to pay Mulalley £1.8m for costs racked up replacing cladding system at Essex tower block

Administrators for a cladding firm which collapsed last year have revealed the firm has received £135m in claims which it said mainly relate to legacy cladding issues.

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