Total owed to creditors by stricken GB ΢Ȧ Solutions will be shared by May 4

state of play

GB ΢Ȧ Solutions administrator BDO has said it will disclose the total amount owed by the stricken firm to creditors by May 4.

A spokesperson for BDO said: “The joint administrators are in the process of reviewing the companies’ finances and executing a plan to maximise recoveries for creditors and will report to creditors within eight weeks of their appointment, setting out their proposals for dealing with the assets of the companies.”

GB ΢Ȧ Solutions fell in to administration on March 9, meaning the eight week deadline should run to May 4.

Some of GB ΢Ȧ Solutions’ subcontractors are already feeling the strain caused by the firm’s administration. .