Deloitte claims David McLean liabilities may reach £100m
David McLean Group's debts may top £100m, administrator Deloitte said as it began adding up the creditors' exposure to the three collapsed subsidiaries, David McLean Contractors, David McLean Developments and David McLean Homes.
The development and housebuilding subsidiaries of the Deeside-based group, 70%-owned by founder David McLean, are continuing to trade. The contracting business was closed this week with 134 redundancies.
Of the known debts, £70m is owed to Barclays Bank, Royal Bank of Scotland and Bank of Scotland Corporate.
Deloitte said total liabilities may reach £100m once trade suppliers and sub-contractors' debts were included.