Corbyn suppliers left £4.4m out-of-pocket

The dimensions of the agency’s debt has been laid naked in an replace from administrator FRP Advisory filed at Firms Home.

Corbyn went into administration in Might after greater than 35 years in enterprise.

The corporate additionally owed HMRC £1.6m and its bankers NatWest £2.5m.

Corbyn solely employed eight workers however a raft of self-employed employees have been additionally owed wages when the contractor went down.

FRP mentioned Corbyn was going through a money movement disaster leaving it unable to pay collectors on time.

The replace mentioned suppliers and workers have been unlikely to obtain a penny for his or her unpaid invoices and wage slips.

Newest accounts for the corporate for the yr to June 30 2023 present a turnover of £32.8m producing a pre-tax revenue of £436,000.