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Administrator's report lays bare the scale of WR Refrigeration position

PWC Proposals to Creditors shows 29 suppliers are owed over £100,000 and two are owed over £2.5 million by collapsed contractor

 

The list of creditors for WR Refrigeration shows that 29 suppliers are owed six-figure sums and that two - wholesaler Climate Center and van company Mercedes-Benz CharterWay- are owed in excess of £2.5 million following the contractor’s fall into administration. Unfortunately for these suppliers and the more than 500 additional trade creditors, the administrator discloses that the sum they will all have to share is no more than £600,000, or 4 per cent of the £16.4 million total owing. While many of the bigger companies will have credit insurance to cover at least some of the loss, it is thought unlikely that the small companies will have such protection.

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