Nottingham City Council has decided to sell off a company it has owned for less than three years, saying it no longer had “a strategic purpose”. Civil engineering and road surfacing contractor, Thomas Bow Ltd, was purchased by the Labour-run authority in 2019.
The company works around the Midlands and delivers infrastructure services to support, develop, and maintain road networks and public areas. It was awarded the contract by the city council for construction work around the Broad Marsh and the pedestrianisation of Collin Street.
But it has now been sold, with the council saying the company had been successful but the decision to sell provided “best value”. No further financial detail has been provided so far about the deal.
