21 jobs at risk as Hull bathroom pod business owes £3m to creditors

Benchmark Pods, the Hull-based modular construction specialist, reportedly owes nearly £3m to creditors.

With 21 jobs at risk, the company is aiming to strike a CVA deal with the creditors following its cash flow issues.

As reported by the Construction Enquirer, as part of the deal a new company would be formed to purchase Benchmark’s assets for £827k and save the employees.

Unsecured creditors are being offered 20p in the pound on their debts to support the deal, but they are set to receive nothing if Benchmark Holdings is liquidated.

The Enquirer has also revealed that secured creditors are owed £470k and unsecured creditors £2.42m, with £1.3m of that owed to subcontractors and suppliers.

Creditors are set to vote on the proposals on September 6th.