The scale of the firm’s debts were revealed in a Companies House update after the firm went under last November.

The report said NRI had become subject to a dispute with a major house builder that left “a large hole in its cash flow”.

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It also stated that the company traded successfully for many years, but the last year has been difficult — as has been the case for many across the industry. 

The report goes on to state that NRI became subject to a dispute with a major housebuilder, resulting in that housebuilder terminating its contract and refusing to pay a considerable amount owed. 

This left the company with a ‘large hole in its cash flow’ and the loss of a major contract going forward. 

The primary reason for the company’s insolvency is the loss of the contract mentioned above and lack of payment, with the report also blaming a slowdown in the market generally. 

NRI had been in business since 2012 reaching a turnover of £21m in 2021 generating a pre-tax profit of £826,000.