NG Bailey makes £25m loss after Britishvolt shock

NG Bailey has confirmed a £6.8m hit following the collapse of car battery firm Britishvolt.
The contractor was an equity investor in the Britishvolt which had plans to build a £300m gigafactory in Northumberland before it went into administration in January.
The hit added to NG Bailey’s woes for the year ending 3 March 2023 with results showing a pre-tax loss of £25m from a turnover of £532m.
The Engineering division – which is the main M&E contracting arm