Construction Enquirer
APRIL 26, 2023
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.
Construction Enquirer
MAY 2, 2023
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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Construction Enquirer
MAY 23, 2023
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.
Construction Enquirer
MAY 3, 2023
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.
Autodesk Construction Cloud
FEBRUARY 25, 2022
For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage. It can be used to determine the proportion of a company’s assets that are financed by debt.
Pro Builder
JANUARY 31, 2023
The next-best average net profit of 11.41 In addition, the average sales volume in 2021 among participating builders jumped 21.1% Among them, the average sales volume for 2021 was $94 million, with a range from $1 million to over $600 million. generated net profits in excess of 12%, with 6.8% was recorded in 2020.
Autodesk Construction Cloud
APRIL 5, 2022
Amid falling demand, spiralling debts and waning investor confidence, the arrival of a global pandemic almost brought the industry to its knees. 3 Greater access to information reduces waste and increases profitability. The last few years have been a challenge for Singapore’s construction sector.
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