Remove 2021 Remove Accounting Remove Debt Remove Management
article thumbnail

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.

Debt 79
article thumbnail

OSHA Announces 2021 Citation Penalty Increase

Construction Junkie

Effective January 15, 2021, OSHA has officially increased maximum allowable penalties by 1.182%, a decrease from 2020’s increase of 1.78%. In addition to the year increase, OSHA also recently announced a new debt collection initiative to help them actually collect the penalties they assess.

OSHA 71
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Accounts Receivable Turnover . FINANCIAL RATIOS: DEBT .

Safety 94
article thumbnail

Student Loans Keep 29% of Americans From Becoming Homeowners, Survey Finds

Pro Builder

Thu, 09/16/2021 - 10:32. In a new survey by the National Association of Realtors (NAR), 54% of student-loan borrowers said the pandemic allowed them to get a better handle on their student debt or allowed them to pay it off earlier than planned. Student Loans Keep 29% of Americans From Becoming Homeowners, Survey Finds. cbroderick.

Debt 52
article thumbnail

Acquisitive RSK looks to raise £500m through stake sale

Construction Enquirer

This would supplement around £500m from its debt finance provider Ares Management building a £1bn takeover war chest to fund an acquisition spree. To fund this next stage of growth, Cheshire-based RSK is looking to raise at least £500m from sales of shares in the business. 2018: revenue doubles to £147m; pre-tax loss £9.3m

Equity 71
article thumbnail

SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

Thu, 06/03/2021 - 10:13. The company also faced an investigation into its accounting practices by the Securities and Exchange Commission and by its board of directors, according to The Information. Business Management. SoftBank-Backed Construction Technology Startup Katerra Set to Close. cbroderick. Read More. .

article thumbnail

Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

Thu, 04/01/2021 - 13:50. million accounts and 10 million people, but is increasingly harnessing sunshine as a source. It serves 150 households, saving users about 10% on their utility bills, according to Timothy DenHerder-Thomas, Cooperative Energy Futures' general manager. . . CEF generates 1.37