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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. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m

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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

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Skilled Labor Fund to Educate 1,400 New Skilled Laborers After Grant from The Home Depot Foundation & NAHB

Pro Builder

Skilled Labor Fund to Educate 1,400 New Skilled Laborers After Grant from The Home Depot Foundation & NAHB. This grant from the Home Depot Foundation and ‘Schools to Skills’ will help bridge the gap for many young people who see skilled trades training for what it is: A gateway to a successful career free from the burden of student loan debt.

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What Your Business Credit Report Tells Lenders

Pro Builder

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. . What Is a Business Credit Score? What Your Business Credit Reports Tells Lenders and Others.

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Millennials Are a Driving Force for the Market's Rebound

Pro Builder

Early last year, Millennials became the first group to account for more than half of all new home loans. Rising millennial homeownership challenges years of speculation after the 2007-09 recession that millennials would be stuck renting perpetually, hampered by student-loan debt and wary of the housing market after the foreclosure crisis.

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Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

million accounts and 10 million people, but is increasingly harnessing sunshine as a source. There is no debt on it, no equipment on it, and it gives a lot more flexibility and optionality within the portfolio.”. . The solar farm, launched in 2017, is “out of sight, out of mind,” says Chris Jedd, the DHA’s portfolio energy manager.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

The TNECD website summarizes Tennessee’s approach to business climate with this credo: “We believe in high expectations, low debt and a pro-business regulatory environment. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.