NMCN collapses into administration

By Dave Rogers2021-10-04T15:06:00

Rescue deal hinged on firm being able to file delayed 2020 results but board says it can no longer trade as going concern

NMCN became the most high-profile collapse of a listed firm since Carillion nearly four years ago when the civils and building contractor sank into administration this afternoon.

The firm, which can trace its origins back to 1946 and is still widely known as North Midland Construction, said it has appointed Grant Thornton as administrators after repeatedly busting a series of deadlines to file its 2020 accounts on which a refinancing deal hung.

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