Metnor Construction Limited – administration

Metnor Construction Limited, a Newcastle-based contractor founded in 2002, entered administration on 20 February. Joint Administrators Steven Ross and Allan Kelly of FRP said the administration was precipitated by contract losses, pressure on profit margins from rising costs, and supply issues against fixed-price contracts. 80 staff were made redundant prior to the appointment. Two Lloyds Bank entities have a registered charge against the company.