Huge pension deficit helped sink Simons

By Dave Rogers2020-01-10T12:53:00

Unsecured creditors owed more than £50m

Failed contractor Simon Construction had a pension deficit of more than £30m when it went under, with a report by the administrator revealing that unsecured creditors are owed more than £54m.

The Lincoln-based business collapsed at the end of October, along with its parent Simons Group and two sister firms involved in developments and design.

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