Contractor nmcn (previously known as North Midland Construction) has announced that it is unable to continue as a going concern and is calling in administrators.
Helen Dale, Nigel Morrison and Jonathan Roden of Grant Thornton have been appointed to oversee the company’s affairs and those of its subsidiary, nmcn Sustainable Solutions. The remaining companies in the group are currently unaffected.
Publicly listed nmcn’s shares were suspended in June after the company experienced delays getting its 2020 accounts signed off by auditors. It missed a series of later dates to file its accounts and warned last week that it would miss the latest deadline of 1 November. That meant a £24m refinancing deal with Svella and other investors, agreed in June, would not be completed as planned.
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