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M&E contractor Mitton files administration notice

Construction Enquirer

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Latest accounts filed at Companies House show the H Mitton group had a turnover of for the year to January 27 2022 of £33.7m generating a pre-tax profit of £583,000 while employing 312 staff.

Debt 96
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House builder Lane End owes £12m to suppliers

Construction Enquirer

An update from administrator Quantuma Advisory details debts of £11.8m Warrington based Lane End Developments Construction Ltd owed nearly £12m to suppliers and subcontractors when it went into administration in April. owed to 412 unsecured creditors left holding unpaid invoices.

Debt 82
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Types of Capital for Construction Businesses

Levelset

Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. For most businesses, working capital will be front of mind, but debt capital and equity capital serve important purposes as well. Debt capital. 3 types of capital for construction. Working capital.

Debt 97
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R&W Civil Engineering files administration notice

Construction Enquirer

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Latest accounts for R&W Civil Engineering for the year to March 31 2022 show a turnover of £31.8m generating a pre-tax profit of £876,000. to trade creditors.

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Tax Reform Impact on Employers and Employees

Revit OpEd

The new federal Tax Bill has many provisions that impact employers with respect to their employees. The Tax Bill has many provisions that impact employers with respect to their employees. Drizner and Michael Lobie. Editor’s note : This blog was originally published as a Client Alert by Seyfarth Shaw LLP.

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Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity. Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month.

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Historic glazing contractor urgently seeks buyer

Construction Enquirer

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. The firm has worked with major contractors including Kier Wates, Willmott Dixon and Balfour Beatty.The company currently employs more than 65 people.