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Lonsdale supply chain braced for £50m hit

Suppliers and subcontractors to collapsed M&E specialist Michael J Lonsdale are braced for a £50m+ hit. The company’s fall into administration earlier this week sent shock waves through the industry. Analysis of the company’s latest accounts by the Enquirer shows for the year ended September 30 2022 trade creditors were owed £51m in outstanding invoices.

Covers Acquires NYEs Building Supplies

COVERS TIMBER and Builders Merchants has announced the acquisition of NYEs Building Supplies. NYEs Building Supplies is an independent building, roofing, landscaping, timber and plumbing merchant operating from sites in Kingsfold and Billingshurst, West Sussex, formerly owned by David Nye. NYEs’ depots will continue trading with the addition of Covers’ extended range, especially of timber.