Midas break-up begins with hundreds of jobs set to be lost at stricken contractor

midas

Scottish firm rescues company’s property business but 500-strong Exeter builder said to have lost battle to keep going

Scottish firm Bell Group has bought the property maintenance business of stricken Midas with the 46-year-old contractor reported to have collapsed.

The Airdrie firm said tonight it had moved to snap up Mi-space and taken on 110 direct and indirect jobs.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community