Suppliers owed £4.8m after fall of groundworks specialist

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

The scale of the firm’s debts were revealed in a Companies House update after the firm went under last November.

NRI had worked at a Barratt housing job in Cambridgeshire where 83 new homes are being demolished because of faulty foundations.

Problems were found last year with new homes under construction at the Darwin Green site where Barratt David Wilson Homes Cambridgeshire is building a new community of nearly 1,600 homes.

The report said NRI had become subject to a dispute with a major house builder that left “a large hole in its cash flow”.

NRI had an adjudication hearing go in its favour but the ruling was disputed and the firm was placed into administration.

NRI had been in business since 2012 reaching a turnover of £21m in 2021 generating a pre-tax profit of £826,000