Patton Group owed £60m to 1,000 creditors
THE publication of the list of companies or individuals owed money following the collapse of the Ballymena-based Patton Group has revealed the full extent of the impact the collapse has had across the UK and the Irish Republic.
It has emerged that more than 1,000 companies or individuals are owed a total of almost £60m and that three Northern Ireland firms have lost around £1m each.
The largest unsecured creditor is the Bank of Ireland which stands to lose more than £10m while Revenue and Customs are owed more than £3m.
The Ballymena construction firm was placed into administration in November 2012 with the loss of around 300 jobs.
The administrator has already stated that none of the unsecured creditors will get the money they are owed.
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Sunday 19 May 2013
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