UK construction company plunges into administration with 300 jobs lost – £17m debt | UK | News

North East construction firm Merit collapsed with debts of £25m, documents showAround 300 jobs were lost after Merit Holdings and Merit Health went into administration towards the end of 2025 (Image: Chronicle Live) A British offsite construction firm, which reported multimillion-pound profits just months ago, has entered administration. This leaves subcontractors and suppliers facing £17.4m…

How much does debt management cost in 2026?

Debt management could help you improve your financial health, but there are costs that come with this type of relief. Cristinairanzo/Getty Images Credit card debt is a growing issue nationwide, with the total amount of credit card debt now sitting at $1.23 trillion, according to the latest data. And, with the average borrower carrying thousands…