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Red7Marine Creditors Officially informed

By: Chris Anderson 26/06/2015 Chris Anderson

General Windfarms

Letters to all known creditors and Suppliers should be receiving a letter outlining the process for claiming any monies owed including those with preferential debt (Insolvencey Act 1986).

The administrators appointed by the UK's High Court of Justice (Manchester) included SJ Woodward, J P Sumpton and Ernst & Young. The official letter released on Wednesday has not indicated if there will be a surplus available for creditors after the Administrators are paid, however they propose to issue a report to the creditors within 8 weeks giving an indication of the dividend they are likely to receive if any.

The news broke on the 19th of June 2015 (as reported on the 4C Offshore Website leaving 280 staff out of work.

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Red7Marine Creditors Officially informed

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