Cirlce Holdings moves to raise £46m to stave off insolvency

NHS hospital

Major health client Circle Holdings has warned it may go bust if investors don’t vote through a proposal to raise £46m by placing shares on the stock market.

The firm has previously worked with big name architects Foster + Partners and Rogers Stirk Harbour + Partners on hospital development projects across the UK.

Announcing the placing of shares the firm warned that if shareholders did not vote through the plan the firm would most likely not be able to trade as a going concern and risked insolvency.