Interserve collapsed in 2019 after rejected deleveraging plans left debts of £814.5 million and other liabilities of £201.7 million.
Several subsidiaries remain in liquidation, while others were sold or restructured.
This includes TS Facilities Management which was sold to Mitie in 2020, RMD Kwikform which was acquired by Altrad in 2021, and the construction arm, which was rebranded back to Tilbury Douglas, when it once again became a standalone company in 2022.
Proceeds from the Al Binaa shares will go to Interserve Group, the lender-owned entity created to take over Interserve’s assets, which itself collapsed in 2023.
No further payments are expected for creditors.
At its height, Interserve employed tens of thousands of…