Nmcn goes into administration

Nmcn is going into administration after the board decided the contractor is no longer able to continue trading as a going concern.
A notice of intention to appoint Grant Thornton UK LLP as administrators has now been filed with the courts.
The company was in the middle of a protracted £24m refinancing deal with Svella plc which was being held-up by the late publication of nmcn’s latest results for last year.A statement said: “The Board, its advisers and Svella have worked