Cost inflation was the cause of last week’s fall into administration of offsite building firm Caledonian Modular.
The company, which despite its name has its head office and factory near Newark in the Midlands, has an annual turnover of £45.3m.
Caledonian Modular made a £2.8m pretax loss in the 12 months to 31 March 2020, but at the time its most recent full-year results were published, it said it expected stronger trading following the pandemic.
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