Groundworks firm Mackoy bought in pre-pack deal

Groundworks contractor Mackoy Limited has been sold out of administration in a pre-pack deal to Geocore Civils Limited.
Mackoy went into administration on Tuesday with Quantuma taking charge of the £23m turnover business which was one of the biggest groundworks specialists in the South of England focused on infrastructure for housing and commercial schemes.
Qauntuma said the pre-pack sale protects 20 jobs and “secures the future of the business” which is based in Chandler&