Beleaguered practice will recoup just over a third of Abu Dhabi debt
Troubled architect Austin-Smith Lord will recoup barely more than one-third of the 拢4m owed to it by Abu Dhabi client Adach, according to a report from insolvency practitioner BDO.
The practice, which was forced to close its London office earlier this month, ran into trouble last year when Adach refused to pay fees totalling 拢11.5 million for its work as lead consultant on the Qasr al-Hosn cultural quarter in Abu Dhabi (pictured).
reported that while some of that amount had since been paid to other parties, the architect has now been offered just 拢1.5 million.
It said that according to the BDO report, the firm may receive less than half of the 拢1.5m after claims by 14 former staff in Abu Dhabi were dealt with.
Meanwhile, increasing numbers of UK staff have made unfair dismissal claims in an attempt to recoup the remainder of their unpaid salaries.
A former staff member who has filed an unfair dismissal claim told BD: 鈥淲e are all owed certain sums of money and it鈥檚 difficult getting that money from the CVA process.
鈥淭he employment tribunal simply strengthens our case. I believe the practice is still pursuing the sums of money that are owed to them. We are not very well informed.鈥�
ASL declined to comment.
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