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Wrekin debt is £21 million

Nearly £21 million is owed to more than 1,000 creditors of collapsed building firm Wrekin Construction and the true value of its mysterious ruby may never be known, it was revealed today. Nearly £21 million is owed to more than 1,000 creditors of collapsed building firm Wrekin Construction and the true value of its mysterious ruby may never be known, it was revealed today. Administrators say the Gem of Tanzania, reportedly worth £11 million, is too unique to be properly valued. The details, which also show that Shifnal-based Wrekin owed £3.4 million in VAT, were revealed in a 47-page report on the Wrekin Group, and its subsidiary Wrekin Construction, by Ernst & Young in advance of a meeting of creditors next month. Read the full story in today's Express & Star.

Business|Apr 30, 2009
Business