NRS goes into administration

FRP Advisory have been appointed joint administrators of Livingston-based NRS UK which employed 47 staff and had a turnover of £33m.
FRP said the administration has been caused by spiralling supply chain costs in 2022 magnified by severe losses stemming from fixed price contracts, resulting in recent unsustainable cash flow and financial problems.
The business has ceased trading with immediate effect and 45 staff have been made redundant with two retained to assist in the short term with t