The Enquirer has seen an update sent to staff by CEO Lee Marks on Tuesday.

It states that the sale of the Infrastructure, Plant Transport & Accommodation, Telecoms and Water divisions is expected to complete in the next day or two.

Marks added: “These potential sales will secure the jobs of the vast majority of our employees as your current employment with nmcn will transfer to the new organisation under TUPE, with the interested parties taking on certain people and projects.”

Following its imminent appointment administrator Grant Thornton will hold calls with employees to discuss TUPE or redundancy options.

Marks said: “Whilst this is positive news for the majority of our people, I understand that these are worrying times for everyone.”

One employee said: “I’m sure the senior management will make sure they are carried across to the the new companies. As for the rest of us – we’ll see.”