Brierty may have been insolvent nearly four months before it went under in early September, according to a disputed assessment by administrators.
In their report to creditors, the administrators from KPMG said the civil contractor may have become insolvent on 16 May … but more likely by July 1.
However, KPMG noted that its assessment had still to be confirmed and was disputed by Briertys directors Dalton Gooding, Richard OShannassy and Ray Bushnell.
In an extract from a letter included in the creditors report, the directors said they exercised care and diligence, in conjunction with the executive management, in monitoring the financial status of the company, including cashflow forecasts.
KPMGs view on the date of Briertys insolvency is ba…
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