Amount owed to nmcn subbies and suppliers soars to £115m

The amount owed to subcontractors and suppliers following the collapse of nmcn has nearly doubled to £115m.
The latest administrator’s report filed at Companies House by Grant Thornton reveals the updated debt estimate – with unsecured creditors unlikely to get a penny for their worthless invoices.
The previous update last October put supply chain debts at £60m.That has now soared to £115.3m with more than 3,000 subcontractors and suppliers owed cash.
The report sta