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Metnor supply chain debts hit £10m

Construction Enquirer

Latest results for the company show it made a profit of £1.3m during the year to December 31 2021 from a turnover of £62.6m The administrator said unsecured creditors could expect some payment for their invoices but it only expected to be pennies in the pound. while shareholder funds stood at £4.6m.

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Suppliers owed £5.5m after M&E contractor fails

Construction Enquirer

An update from administrator FRP advisory Trading has confirmed the scale of debts at the business. Latest accounts for Norstead show it made a net profit of £133,000 from a turnover of £20.3m Hundreds of subcontractors and suppliers were left holding £5.3m

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Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors.

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Howard Russell Construction goes into administration

Construction Enquirer

Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m to trade creditors at the end of the 2021/22 financial year. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

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What Labor Shortage? Not All Home Builders Affected Equally

Pro Builder

Wed, 06/09/2021 - 06:00. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . debt-to-GDP ratio was considerably higher during World War II than it is today, and you never hear anyone suggest we overspent fighting Hitler and Tojo. What Labor Shortage? Labor Woes?

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What Labor Shortage?

Pro Builder

Wed, 06/09/2021 - 06:00. Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . debt-to-GDP ratio was considerably higher during World War II than it is today, and you never hear anyone suggest we overspent fighting Hitler and Tojo. What Labor Shortage?

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COVER STORY: Global Biotech Report

Buisness Facilities Contributed Content

However, mostly big enterprises profited from this inflow whereas small- and medium-sized companies still have to suffer from a depletion of seed money since the Recession. The cluster was one of the winners of the “BioIndustry 2021” contest held by the Federal Ministry of Research. Sam Brownback said in a news release. “It

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