Amount creditors left out of pocket by NMCN implosion doubles to £115m

By Dave Rogers2022-05-09T06:00:00

Unsecured creditors were previously thought to be owed £60.5m

The amount collapsed building and civils firm NMCN owed subcontractors and suppliers has nearly doubled to more than £115m, an administrator’s progress report has revealed.

The previously published figure, detailed in October last year, the same month NMCN, which had a turnover of £405m in 2019, collapsed after 75 years of trading, was £60.5m.

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