Fight to rescue Metnor M&E specialist Norstead fails

Attempts to rescue Metnor Group’s M&E contractor Norstead have failed with the firm now following the sister construction arm into administration
The £20m turnover business, which operated out of its offices in Newcastle-upon-Tyne and Maidenhead, had suffered from financial challenges in recent months because of inflationary pressure on its profit margins.
In the last few weeks, directors have been desperately searching for a buyer for the business and assets of the industrial an