Unsecured Midas creditors told to forget about getting missing millions back

By Dave Rogers2022-09-14T06:00:00

Firm collapsed earlier this year owing more than £22m

Unsecured creditors of collapsed contractor Midas have been told they won’t be getting any of the money they are owed back.

In an update by administrator Teneo Financial Advisory, firms were warned it was “unlikely that sufficient funds will be realised to enable a distribution to be made”.

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