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Government vetoes project bank account proposal

Construction Enquirer

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Abrahams MP said: “Small businesses are the backbone of the economy. ”

Banking 115
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Persimmon invests in modular house builder TopHat

Construction Enquirer

Modular house builder TopHat has raised £70m from new and existing shareholders as it prepares to open Europe’s largest modular housing factory to manufacture up to 4,000 ultra low-carbon homes a year. House builder Persimmon and institutional investor Aviva have each made a substantial investment in volumetric modular house builder.

Housing 102
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Hill Group counts on partnership housing to drive growth

Construction Enquirer

The UK’s second largest privately owned house builder Hill Group is primed to take advantage of fresh market opportunities arising from a challenging housing market after building up a £132m cash chest. The firm also holds a £220m development funding facility with four high street banks.

Housing 79
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Housing veteran bids to turn Inland Homes around

Construction Enquirer

Veteran house builder Jolyon Harrison has been appointed as CEO at cash-strapped Inland Homes in a bid to turn the business around. Inland has delayed publishing its latest results for the year to September 2022 while a series of accountants go through transactions in the books and losses are expected to hit £91m.

Bidding 80
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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators. The administrators report filed at Companies House is signed-off by Empire director Paul Rothwell who is also listed as a director of a series of other businesses mainly based at the same Doncaster address. .”

Banking 100
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House Builders Want Unique Construction Accounting

Contractor Bookkeeping

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.

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Contractors Are Skilled In Construction But Not Usually In Construction Accounting

Contractor Bookkeeping

Almost every Contractor understands how to do basic repairs and remodels on a house. Your Construction Accounting System started small and easy. Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while. As the project grows it gets a little more complicated. Building a Deck?