Newport based engineering company Rowecord, which went into administration in April with the loss of more than 400 jobs, owes creditors £23.7m, including £67,822 to Dafen based Dyfed Steels. Assets of £9.3m, including plant and machinery have been identified. A spokesman for joint administrators Grant Thornton said it was too early to say how much in the pound creditors could expect to receive.
Read More: http://www.walesonline.co.uk/news/business/business-news/rowecord-engineering-owes-creditors-237m-4825042
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