Groundworks firm’s fall leaves suppliers owed £4.8m

Corby-based groundworks specialist NRI Civils Ltd owed £4.8m to suppliers and subcontractors when it collapsed into administration.

The extent of the company’s debts surfaced in a recent update from Companies House following its downfall last November.

NRI had been involved in a Barratt housing project in Cambridgeshire, where 83 new homes face demolition due to defective foundations.

Issues arose last year with homes under construction at the Darwin Green site, where Barratt David Wilson Homes Cambridgeshire is developing a new community of nearly 1,600 residences.

According to reports, NRI encountered a dispute with a major house builder, resulting in a significant shortfall in cash flow.

Although NRI initially won an adjudication hearing, the ruling was contested, leading to the company’s administration.

Established in 2012, NRI had achieved a turnover of £21m in 2021, yielding a pre-tax profit of £826,000.