FRP chosen for NRS administration
The collapse of a Scottish construction firm has seen 45 jobs axed. NRS UK’s collapse was caused by inflationary pressures and supply chain issues, according to administrators from FRP Advisory. FRP Advisory Partners Stuart Robb and Michelle Elliot were installed for the administration of Livingston-based NRS UK in the first week of September. Founded in 2010, the firm had formerly employed 47 staff, and boasted a turnover of £33 million. Recent projects include the St Andrews Cross substation in Glasgow, Seagreen Offshore wind farm off the Angus coast, and the Hunterston substation. However, a release from FRP said the construction firm’s downfall has been caused by spiralling supply chain costs in 2022, magnified by severe losses stemming from fixed price contracts. This had all resulted in recent unsustainable cash flow and financial problems. As a result, the business ceased trading with immediate effect, while 45 staff were made redundant.
