Claritas Group went down owing £7m to supply chain

Grant Prior 11 months ago
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Subcontractors and suppliers to the collapsed Claritas Group have been left holding unpaid invoices totaling more than £7m.

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures.

A statement of affairs seen by the Enquirer ahead of the company being wound-up details debt levels across the business.

Details show trade creditors owed £2.7m and subcontractors a further £4.6m with 250 firms hit by the failure of Claritas.

The firm’s demise was confirmed by CEO and founder John Wardle who said: “To our supply chain who supported us to the end. I thank all of you and I am truly sorry for the impact on you, your respective employees and supply chains. In many ways, you are the most important cog in our diverse and fragmented industry.

“Right now, I am truly sorry if you are being affected by the Claritas Group’s failure in any way.”

Claritas specialised in projects up to £70m across the residential, commercial and education markets.

Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m turnover generating a pre-tax profit of £455,000.

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