Tuesday, November 4, 2008

DGT Steel and Cladding chases £157,000 debt in High Court

DGT Steel and Cladding, now in administration, is suing a building firm for a ВЈ157,000 debt run up on a secure storage job.

DGT has launched legal action to recover the sum from Apex Stephens, the lead contractor on the construction of a Lok’n Store facility at Harlow.

In a writ filed at the Technology and Construction Court, DGT claims Apex invited the firm to submit a quote for cladding, roofing and integral gutters and down pipes on the site on 29 November 2006.

They then entered into a contract, but some time later a dispute arose between the parties regarding the value of work undertaken and money due to DGT.

In July this year DGT referred the matter to adjudication where an adjudicator ruled Apex owed DGT ВЈ151,394.49 plus his fee of ВЈ5,380.03.

DGT is now seeking the total amount plus interest.

DGT is being chased by its own creditors in the High Court, with Deane and Amos Aluminium Systems seeking ВЈ300,000 for contracts between 2005 and 2008.

Bankruptcy filing doesn’t always mean a fresh start
Bailout probably will put upward pressure on rates