The agency has a 100,000 sq ft manufacturing unit and just lately gained locations on the federal government’s £10bn Offsite Options Framework and LHC Procurement Group’s Fashionable Strategies of Building of New Houses (NH3) Framework.
Newest accounts for M-AR present the corporate had a turnover of £29.9m for the 12 months ended March 31 2022 producing a pre-tax revenue of £815,000.
The accounts additionally present the corporate employed 73 folks and owed £3.9m to commerce collectors.
M-AR has been in enterprise for greater than 15 years and just lately up to date its mission assertion to “Being courageous sufficient to drive change by way of recent pondering and collaboration in every little thing we do. Delivering distinctive tasks, breaking down the boundaries and provoking a brand new era of development professionals.”
One provider stated: “There’s some huge cash on the market owed by M-AR so this might have a devastating impact once more on the provision chain.”
Knowledge and credit score checking specialist Purple Flag Alert highlighted the corporations’ administration discover with its common checks of excessive court docket development insolvency purposes.
Subscribers to the Purple Flag Alert service profit from early warnings concerning the monetary well being of corporations to assist them keep away from dangerous money owed.
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