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£20m of missing kit blows hole in Speedy accounts

Construction Enquirer

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year. stock deficit in smaller site items like scaffolding towers, fencing and non-mechanical plant. while pre-tax profit fell to £1.8m while pre-tax profit fell to £1.8m from £29.1m. from £29.1m.

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Henry Construction supply chain hit for over £43m

Construction Enquirer

While final losses have still to be calculated by site owners losses could total up to £160m, warns the newly published administrators report. When FRP was appointed £400m turnover Henry had 60 live sites with just 54 staff and a further 41 subcontracted quantity surveyors on the books.

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Collaborate 2018: The Must Attend Construction Technology Conference of the Year

Viewpoint Construction Technology

That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability. Learn the best ways to use software functions and get exclusive training on site.

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Henry Construction crashes into administration

Construction Enquirer

In the last few days, the firm’s major sites ground to a halt with clients and subcontractors left in the dark about Henry’s problems. Amid the recent confusion, at least two Henry site managers are said to have been assaulted in recent days by fuming subbies seeking payment.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Industry News. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. The good news? STRATEGY |.

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Hill Group counts on partnership housing to drive growth

Construction Enquirer

Andy Hill, group chief executive officer, said a steady performance last year, which saw it maintain record profit of £66m from revenue down 5% at £716m, positioned Hill to pursue further strategic investments to achieve its goal of doubling the size of its business by 2025.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Industry News. Querying different type of jobs in job costing to look at profitability by type. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. STRATEGY |. MANAGEMENT |. SOFTWARE |.