Water woes blow hole in North Midland’s accounts

By Dave Rogers2020-10-15T07:28:00

Firm says losses this year will be up to £15m

Civils specialist NMCN has told investors that a series of problem water contracts have blown a hole in its accounts which will see the firm’s year-end numbers sink up to £15m into the red.

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

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