Broadley went under owing supply chain £15m

Aaron Morby 1 year ago
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Leeds-based Broadley Group collapsed owing nearly £15m to around 450 firms.

The extent of the firm’s debt, which stood at nearly half the sum of its last reported turnover, has been revealed in a statement of affairs report seen by the Enquirer.

This is being circulated to trade creditors ahead of a cut-off date of 13 January to request a meeting as part of the voluntary liquidation process.

Some firms look set to be left seriously out-of-pocket, including Imtech Engineering Services North which is owed £900,000.

Manchester-based Site Contract Personnel is owed over £700,000, while M&E firm Dynamic M&E and the fitted kitchen maker Symphony Group are each owed more than £600,000.

The full background to the liquidation has not yet been revealed although developer Parklane, which owned 50% of Broadley, is understood to have owed the firm for a Roomzzz project building in York.

The family-owned Broadley firm was founded 56 years ago by Arthur Broadley as a small family decorating business.

In 2016, Leeds-based developer Naveen Ahmed bought a 50% stake in the firm through his Parklane Group with whom it had worked with for almost 20 years.

Since then the firm mainly delivered Parklane projects across the north, including its Roomzzz brand.

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