Hundreds of jobs lost as Midas shuts down

One of the UK’s largest construction and property service firms has gone out of business, with more than 300 employees losing their jobs.

Midas Group Limited has seven offices across south-west England and Wales and has appointed administrators.

The group has a number of ongoing projects including schools, homes, hotels and warehouses.

It said the business could not recover from pressures brought on during the coronavirus pandemic.