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... For the full story register now for free or login below...