One of Nottinghamshire’s largest companies falls under administration – .

One of Nottinghamshire’s largest companies falls under administration – .

A Nottinghamshire-based entrepreneur responsible for multi-million pound developments across the country has come under administration.
NMCN plc, headquartered in Huthwaite, has not approved its 2020 accounts or obtained refinancing of its business, reports Business Live, and has therefore appointed Grant Thornton to oversee its administration.

The company was Nottinghamshire’s 12th largest in 2019 with a turnover of £ 340million and more than 1,500 employees.

In a statement, a spokesperson for NMCN, which stands for North Midlands Construction, said: “NMCN announces today that the board of directors of the company, after taking advice, has concluded that the company is no longer able to continue its activities. ”

“The board of directors of NMCN would like to thank all its shareholders, customers and suppliers for their support over the years and in particular Svella and those who had intended to participate in the capital subscription which was part of the planned operation, which had to be canceled. . ”

NMCN mainly provided design, construction, operation and maintenance services.

In Nottingham he had completed a number of projects, including work on a 522 student room complex near Nottingham station. The project was worth £ 35million.

Work began in December.

Elsewhere in the country, he was the main contractor behind the controversial multimillion-pound redevelopment of Lime Street and Liverpool’s St George area.

A spokesperson for Liverpool City Council said: ‘We have been informed that the NMCN may unfortunately have come into administration.

“Officers have been tasked with securing Lime Street and making it safe, while we await formal confirmation. The board will seek clarification on the matter to inform our next steps. “


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