Connaught creditors given little cheer by liquidators

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Companies told to expect next to nothing after social housing firm’s collapse in 2010

Creditors owed more than £260m by Connaught’s collapse have been told there is little hope of them getting any money back.

The £600m turnover social housing firm, headed by Mark Tincknell, went into administration in September 2010.

According to the latest joint liquidators report issued by KPMG earlier this month, the firm owes secured creditors £221m and unsecured creditors £39m.

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