Lancsville Construction has said that it has paid or is in the process of paying a series of invoices that have seen County Court Judgments mount up against it.
According to credit agency Top Service, the firm has seen CCJs totalling close to £100,000 from 19 creditors registered against it in recent months
CCJs are court judgments that have not been paid off within 28 days.
Top Service said: “The recent CCJ data would suggest that 19 creditors may have had to resort to court action in the last month alone.”
But a spokeswoman today said the invoices were being paid: “Lancsville has paid all of them or is in the process of paying them,” she said.
The company’s latest filed accounts for the year ending January 2008 show a net profit of £2.4 million on a turnover of £130 million. It is 94th in Construction News’ Top100 list of the top UK contractors.
Last year the firm’s revenue almost doubled on the previous year’s figure of £68.6 million. Figures to January 2009 were expected to show an increase in turnover to £150 million, according to the company’s forecasts.