Group Five business rescue on track
The sales process of the secured subsidiary of embattled construction company Group Five (G5), Everite, is ongoing, the company’s business rescue practitioners (BRPs) – Dave Lake and Peter van den Steen – confirmed on Thursday. The legally separate business rescue process for G5 Construction is also ongoing; however, the BRPs said that “there currently remains no realistic prospect of any financial recovery by the company from the G5 business rescue process”.