Good PR doesn't mean good credit risk
13 Mar 2018

The Lagan Group announced on 20th February 2018 that it was putting four of its subsidiary companies into administration. Six months ago, in August 2017, Lagan Building Contractors Ltd (now in administration) announced that it had secured a £35m project; Phase One of the Outwood Wharf development in Salford.

Four months ago, in October 2017, Lagan Building Contractors Ltd (now in administration) took part in a Constructionline organised suppliers engagement day; when John Adams, the Managing Director of Lagan Building Contractors Ltd was quoted as saying “We are a family owned business and we are fervent believers in investing in people and building strong long term working relations with our customers and supply chain partners."

Read more on our LinkedIn opinion piece.