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Metnor supply chain debts hit £10m

Construction Enquirer

More than 450 firms have been hit by the collapse of Metnor Construction with subcontractors and suppliers owed more than £10m. Metnor worked across the UK as a main contractor in sectors including residential, healthcare, student accommodation, hotel, leisure and commercial. while shareholder funds stood at £4.6m.

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Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Different construction trends impact the demand and supply of real estate properties. In today’s post, we’ll give you an overview of REITs and examine specific construction trends and their impact on REITs. REITs with modular construction properties can benefit from these advantages. You’ll find different types of REITs.

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Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

London-based refurb and building specialist ME Construction went into administration owing subcontractors and suppliers nearly £4m. Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. An update from administrator FRP Advisory showed more than 300 trade creditors were owed £3.8m

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Claritas Group went down owing £7m to supply chain

Construction Enquirer

A statement of affairs seen by the Enquirer ahead of the company being wound-up details debt levels across the business. Claritas specialised in projects up to £70m across the residential, commercial and education markets. Details show trade creditors owed £2.7m and subcontractors a further £4.6m

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Historic glazing contractor urgently seeks buyer

Construction Enquirer

Clients range from the largest construction companies to private individuals, in sectors including education, commercial, retail, leisure, healthcare, ecclesiastical and residential. 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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Where Did The American Construction Worker Go?

Chianelli Estimating

Back in 2010 and 2011, things looked pretty bad for the Construction Industry. In many cities across our great nation, the building of residential and muti-residential homes can hardly keep up with the population booms! When the Construction Industry bottomed out, so to speak, back in 2011, about 2.3

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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Commercial PACE programs are still very new.

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