The potential collapse of South West construction giant Midas Group Ltd could put up to 1,000 jobs at risk and wreak havoc on small supply chain firms, a leading business expert says.
Tim Jones, chair of the South West Business Council (SWBC), said that if Midas Group goes belly up it will be one of the biggest business failures to hit the region and a major blow for the regional economy.
Midas, which is involved in millions of pounds worth of building schemes across the South of England, has filed notices of intention to appoint an administrator for three companies: Midas Group, its construction arm Midas Construction, and its housing division Mi-Space.
