Nearly 150 firms owed £100,000 or more by collapsed NMCN

By Dave Rogers2021-10-21T09:32:00

Administrators’ report says firm owes £60.5m to unsecured creditors

The scale of the losses facing NMCN’s subcontractors and suppliers has been laid bare in an administrators’ report which shows that close to 150 firms are owed at least six figures by the collapsed firm – with two owed £1m or more.

And the thousands of unsecured creditors have been told they won’t be getting any of their money back, the report by Grant Thornton warned. “We do not anticipate that a distribution will be made,” it added.

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