Problem water contracts see losses widen at NMCN

By Dave Rogers2020-12-23T10:13:00

Firm to now sink £16.5m into red this year

Civils specialist NMCN has told investors that its losses from a series of problem water contracts will now be £1.5m more than expected.

In October, the firm, previously known as North Midland Construction, said a review of its major contracts had uncovered several issues which it said will see it rack up a pre-tax loss of between £13m and £15m for 2020.

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