Fixed price jobs and Britishvolt failure send NG Bailey tumbling to £25m loss

By Dave Rogers2023-09-28T09:46:00

Source: Shutterstock

Rising costs on several jobs significant, M&E contractor admits, as firm introduces hardship fund to help staff with cost of living

Losses on fixed price jobs and a near £7m hit on its investment in failed battery manufacturer Britishvolt sent NG Bailey tumbling into the red last year with the firm racking up a £25m pre-tax loss.

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