NMCN collapsed into administration in October 2021 with debts at the time estimated to be 拢60m. But an updated statement filed by administrators from Grant Thornton last month reveals that unsecured debts have reached 拢115.3m.
HM Revenue & Customs is owed 拢12m, employees are owed 拢2.4m, finance company Lombard North Central is owed 拢4.2m and Svella, the investment company that was ready to rescue NMCN before its collapse, is owed 拢12.7m. Then there are the 2,380 supplier claimants, who are collectively owed 拢69.7m.
The supplier claimants include several plant hire companies, with Sunbelt, GAP, Speedy, Selwood and VP all losing six-figure sums (see below).
Materials suppliers also feature prominently in the list of unfortunate creditors. Aggregate Industries and Keyline Builders are both owed more than half a million pounds.
The list below of NMCN鈥檚 unsecured creditor is far from complete and merely illustrative of the sort of amounts lost by suppliers. In some cases, the totals represent the sum of two or more entries on the creditor list.
- Sunbelt Rentals 拢284,000
- GAP Group 拢231,000
- Speedy 拢166,000
- Selwood 拢165,000
- VP 拢116,000
- Boels Rental 拢31,000
- Generator Power 拢56,000
- L Lynch Plant Hire 拢55,000
- Falcon Tower Crane Services 拢43,000
- Maybe Hire 拢29,000
- Welfare Hire Nationwide 拢28,000
- Bryn Thomas Cranes 拢17,000
- Marsh Plant Hire 拢15,000
- Brandon Hire 拢12,000
Materials
- Aggregate Industries 拢527,000
- Keyline 拢508,000
- Stonepave 拢492,000
- Breedon Trading 拢290,000
- Wolseley 拢232,000
- Cemex 拢157,000
- Grafton Merchanting 拢152,000
- Saint Gobain 拢116,000
- Total Aggregates 拢43,000
- Howdens Joinery 拢35,000
- Screwfix 拢33,000
Others
- AFS Earthmoving & Aggregates 拢722,000
- P&R Morson 拢497,000
- KPMG 拢497,000
- Highcross Building Services 拢488,000
- Fortis Contracting 拢429,000
- Sheet Piling UK 拢398,000
- De Havilland Fabrication & Welding 拢370,000
- Direct Traffic Management 拢303,000
- JMH Directional Drilling 拢389,000
- Ernst & Young 拢300,000
- Construction Industry Training Board 拢202,000
- FP McCann 拢150,000
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