The Financial Reporting Council (FRC) has started an investigation into the audit of collapsed contractor nmcn’s accounts.

Galliford Try has paid nearly £1m to buy collapsed contractor nmcn’s water business, including Lintott.

Investment company Svella, which acquires distressed and underperforming businesses, has bought four divisions of nmcn out of administration, saving 680 jobs

Contractor nmcn (previously known as North Midland Construction) has announced that it is unable to continue as a going concern and is calling in administrators.