NG Bailey takes £2.2m hit from Carillion contracts
Yorkshire headquartered building services firm NG Bailey has revealed it took a £2.2m hit when its contract on the Midland Metropolitan Hospital stalled following the collapse of construction giant Carillion.
In its accounts for the year to March, the Ikley-based contractor said it had recognised a £2.2m exceptional loss for irrecoverable contract costs.
The group had been managing the MEP design and installation at the hospital, worth £80m, when project work was halted in January when Carillion folded.
The group also incu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...