Losses up again at NMCN as firm warns on refinancing

By Dave Rogers2021-05-28T05:00:00

Civils specialist now expects to end up £24m in red

Under-pressure civils contractor NMCN has warned it will have to look at “all appropriate options” if it doesn’t get a refinancing deal signed off next month as the firm again revised upwards the amount of money it said it had lost last year.

In an update this morning, the company said it had extended its overdraft facility with its bank Lloyds into next month and added that talks with lenders were progressing.

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