Suppliers owed £5.5m after M&E contractor fails

Hundreds of subcontractors and suppliers were left holding £5.3m in unpaid invoices when M&E contractor Norstead went into administration in February.
An update from administrator FRP advisory Trading has confirmed the scale of debts at the business.
The same administrator is handling the fall-out from the failure of Norstead’s sister business Metnor which sank just days before owing its supply chain £10m.FRP said Norstead was hit hard by the failure of Metnor, which was it