Construction Enquirer

JUNE 30, 2023

Contractors working on the £4.1bn Thames Tideway project will still get paid whatever happens to debt stricken client Thames Water. A debt mountain of £14bn has left Thames Water on the brink of possible administration as it scrambles for cash from investors.

Sewer 97

Sewer Debt Contractors Infrastructure 97

Construction Enquirer

MAY 24, 2023

An update filed at Companies House by liquidator Quantuma Advisory revealed the scale of the debts at the business when it collapsed in April. Staffordshire based contractor Quantum Construction went down owing 267 suppliers more than £4m. Unsecured trade creditors have been left holding unpaid invoices totalling £4.3m

Debt 83

Debt Construction Profitability Risk 83

Construction Enquirer

JUNE 25, 2023

A statement of affairs seen by the Enquirer ahead of the company being wound-up details debt levels across the business. The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. Details show trade creditors owed £2.7m and subcontractors a further £4.6m

Cash Flow 88

Cash Flow Debt Profitability Education 88

Construction Enquirer

JUNE 6, 2023

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

Debt Housing Deals Claims 82

Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Arbitration Restructuring versus arbitral awards – will the debt survive? billion A9 Dualling programme.

Construction 52

Construction Legal Cash Flow Insurance 52

Construction Enquirer

MAY 23, 2023

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors. The firm was founded in 2007 by two ex-employees of Bovis Lend Lease – Barry O’Sullivan and Dennis Bernard who left the business three years ago.

Debt 79

Debt Leases Liability Profitability 79

Pro Builder

DECEMBER 15, 2021

While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Wed, 12/15/2021 - 10:07. Financials. Housing Markets.

Debt 52

Debt Equity Income New York 52

Construction Enquirer

JULY 25, 2023

to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. The CVA deal was designed to distribute at least £7.2m

Cash Flow 69

Cash Flow Debt Electrical Agreement 69

Construction Enquirer

AUGUST 25, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Debt 96

Debt Contractors Profitability Accounting 96

Construction Junkie

JANUARY 18, 2021

In addition to the year increase, OSHA also recently announced a new debt collection initiative to help them actually collect the penalties they assess. Per the new initiative, OSHA will send 3 separate penalty letters 7, 30, and 60 days after a company fails to pay after a final order.

OSHA 71

OSHA Debt Injury United States 71

Construction Enquirer

MAY 2, 2023

An update from administrator FRP advisory Trading has confirmed the scale of debts at the business. Hundreds of subcontractors and suppliers were left holding £5.3m in unpaid invoices when M&E contractor Norstead went into administration in February.

Contractors 85

Contractors Debt Profitability Accounting 85

Construction Enquirer

MAY 3, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Debt 103

Debt Construction Negotiation Forecasting 103

Construction Enquirer

JULY 30, 2023

It added: “ The Board has reduced its capital expenditure plans without impacting critical projects, is executing a programme of surplus land disposals, and has continued to focus on efficient working capital management in order to reduce the Group’s net debt.” ”

Debt 72

Debt Products Housing Management 72

Construction Enquirer

JULY 16, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Engineering 84

Engineering Debt Accounting Profitability 84

Construction Enquirer

JUNE 18, 2023

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. Doncaster based residential developer Empire Property Concepts Ltd went into administration owing suppliers and subcontractors more than £500,000.

Banking 100

Banking Debt Residential Metro 100

ENR Construction

FEBRUARY 14, 2018

A shrinking budget deficit is usually good news, but a drop in federal debt in Canada is raising concerns over delays in government efforts to funnel infrastructure money into projects.

Infrastructure 37

Infrastructure Debt Budgeting Budget 37

Construction Enquirer

JULY 3, 2023

Before his brief nine-month stint as chief executive of nmcn where he took on the challenge of trying to turn around the debt stricken business, he worked as group commercial director at M&E specialist NG Bailey for eight years and as well as commercial director of construction at Galliford Try for a short period.

Debt 65

Debt Commercial Contractors Office 65

Construction Enquirer

JULY 31, 2023

to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. The CVA deal was designed to distribute at least £7.2m At the time of the CVA Haydon had a loan agreement in place with its former parent company Mears who sold the firm to its management for £1 in 2013.

Cash Flow 52

Cash Flow Debt Agreement Electrical 52

Construction Enquirer

JULY 3, 2023

Despite growing concern about Thames Water’s high debt levels, the water company is pressing ahead with the race to find consultants to head up its strategic water resources options plan.

Debt 74

Debt Consulting Regulation Resource 74

Construction Enquirer

JULY 27, 2023

Goodstone Living has secured more than £100m of debt financing from NatWest and Allied Irish Bank to develop Smith’s Garden Around 1140 modules needed for the project will be manufactured in Telford between November 2023 and January 2025.

Debt 64

Debt Maine Banking Finance 64

Construction Enquirer

JUNE 20, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Equity 107

Equity Debt Bidding Housing 107

Pro Builder

JANUARY 24, 2022

While a survey by Gen Z Planet Research reveals that just 63% of Millennials plan to become homeowners in the future, 87% of Gen Z expressed a desire to own a home, and 68% consider homeownership as a way to build personal wealth, according to National Mortgage News. The next generation has the opposite view.

Debt 59

Debt Equity Income Security 59

Construction Enquirer

JUNE 13, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Contractors 79

Contractors Debt Retail Security 79

Construction Enquirer

APRIL 20, 2023

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Contractors 97

Contractors Debt Liability Architecture 97

Construction Enquirer

APRIL 27, 2023

ISG maintained its zero-debt status and continues to hold a healthy net cash balance of £105m. ISG trading divisions in 2022 Revenue C hange EBITDA C hange O rder book Change Construction £1.2bn n/c £4.8m

Profitability 79

Profitability Debt Mobility Deals 79

Pro Builder

AUGUST 6, 2021

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. There remain pockets of the country where housing debt-traps are widespread. Now, with home values up, there remains 2.25 million underwater homes, but it’s down from 3.5

Equity 52

Equity Cleveland Debt Philadelphia 52

Pro Builder

SEPTEMBER 1, 2020

Skilled Labor Fund to Educate 1,400 New Skilled Laborers After Grant from The Home Depot Foundation & NAHB. NEWS RELEASE. . The Skilled Labor Fund is excited to announce a new grant from The Home Depot Foundation and the National Association of Home Builders. cbroderick. Tue, 09/01/2020 - 08:53. 31, 2020 - Washington.

NAHB 59

NAHB Foundation Education Debt 59

Viewpoint Construction Technology

JANUARY 31, 2019

Though multiple economic outlooks and construction industry reports show new project growth rates slowing slightly in 2019, the outlook is still strong for the next few years. And a spattering of recent news stories back this up. In New York, Gov.

Industrial 157

Industrial United States Construction Infrastructure 157

Construction Enquirer

AUGUST 7, 2023

This would supplement around £500m from its debt finance provider Ares Management building a £1bn takeover war chest to fund an acquisition spree. “Ares has been an exceptional partner to us and I look forward to carrying on that relationship as we bring in new investment.”

Equity 71

Equity Debt Sustainability Forecasting 71

Autodesk Construction Cloud

OCTOBER 10, 2022

Construction News’ Mind Matters Survey has shown some progress has been made in the last few years when it comes to de-stigmatising mental health. These individuals are given the skills and knowledge to spot the signs of mental ill health among their colleagues, offer support, and signpost them to further help. . Slow but Steady Progress .

Industrial 98

Industrial Construction Statistics Debt 98

Construction Law Monitor

JUNE 14, 2013

For this reason, it’s important to contact an attorney when trying to collect on your debt. Construction News' In some situations, sending a demand letter may even be required before moving forward with a lawsuit. How’s it work? The post Demand Letter: First Step to Getting Paid appeared first on Construction Law Monitor.

Drafting 64

Drafting Debt Office News 64

Construction Junkie

JANUARY 21, 2021

The report states that China has reduced tall and supertall building projects in order to reduce their debt and they have also created several public policies against the “needless production of exceedingly tall buildings.”

New York City 96

New York City New York Chicago Debt 96

Construction Law Monitor

JUNE 9, 2014

Recouping of attorneys fees can make or break whether a claimant chooses to go after a bad debt. Commercial Debt Collection – How Do I Collect When A Company Owes Me Money? Collections Construction News Disputes Louisiana Attorneys Fees Demand Letters Open Account' Circumstances to use and an Attorney Letter.

Louisiana 76

Louisiana Legal Accounting Debt 76

Constructonomics

FEBRUARY 1, 2010

If the tax credit had continued to show the results it had in those months, experts were saying that excess home inventory would be cleared by summer, opening the door to new construction for construction companies once again. This was very welcome news to the millions of Americans who rely on their contractor’s license for a living.

Debt 100

Debt United States Inventory US 100

Green Industry Professionals

NOVEMBER 22, 2011

NEWS FLASH: The bipartisan Congressional Debt Committee has failed to reach a compromise. Can you believe it?! sense sarcasm) Actually, this thing had about as much chance of succeeding as Gary Coleman would’ve had in a slam dunk contest. Whatchoo talkin bout, Wartgow?!).

Green 45

Green Industrial Debt Defense 45

Construction Law Monitor

JUNE 8, 2014

Recouping of attorneys fees can make or break whether a claimant chooses to go after a bad debt. Commercial Debt Collection – How Do I Collect When A Company Owes Me Money? Collections Construction News Disputes Louisiana Attorneys Fees Demand Letters Open Accounts' Circumstances to use and an Attorney Letter.

Louisiana 69

Louisiana Legal Accounting Debt 69

Business Facilities

AUGUST 8, 2014

Additionally, having Jos in a combined CEO and CFO role will be an ideal fit and complement to Bob as we move the company forward from our new location in Birmingham.” CanAm Holds AGM, Shareholders Approve Debt to Equity Conversion of a minimum of $7.2 ” Related articles across the web. million of its Aug 2016 Debentures.

Alabama 46

Alabama Office Debt Equity 46