Livid nmcn subbies left holding £60m in unpaid payments

One groundworks specialist owed practically £50,000 instructed the Enquirer: “Now we have been strung alongside for months and now we are going to get nothing.

“The administrator has instructed us we’re unlikely to get something and that can hit lots of of corporations owed greater than £60m.”

Nmcn went into administration earlier this month when a refinancing take care of investor Svella fell by way of.

Inside days Svella acquired nmcn’s telecoms division whereas Galliford Strive snapped-up the water enterprise and Keltbray the infrastructure operation.

The subcontractor added: “It seems to be just like the nmcn administration haven’t suffered however we definitely have.

“I do know a number of suppliers like me who have been instructed that all the pieces can be positive and to disregard tales in regards to the firm being in bother.

“They have been so convincing that the Thursday earlier than they went down we turned up with a brand new arctic stuffed with supplies for the job then after we arrived on Monday morning we have been instructed the entire firm was going into administration.”

DRS Construction Enquirer MPU July 2020 st3C

Grant Prior

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