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 in unpaid debts and hundreds of employees jobless.
The scale of the financial fallout has been revealed in a new report from administrator Interpath, which took control of Merit Holdings in November. According to Interpath’s proposals, it is “highly unlikely” that unsecured creditors will recoup any money owed to them.
Merit, based in Northumberland,…