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Metnor supply chain debts hit £10m

Construction Enquirer

Metnor worked across the UK as a main contractor in sectors including residential, healthcare, student accommodation, hotel, leisure and commercial. Latest results for the company show it made a profit of £1.3m during the year to December 31 2021 from a turnover of £62.6m while shareholder funds stood at £4.6m.

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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. Details show trade creditors owed £2.7m and subcontractors a further £4.6m

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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. MEC specialised in small to medium projects within the M25 across heritage, residential, commercial, healthcare and schools sectors with revenue peaking at around £23m before covid.

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Historic glazing contractor urgently seeks buyer

Construction Enquirer

Clients range from the largest construction companies to private individuals, in sectors including education, commercial, retail, leisure, healthcare, ecclesiastical and residential. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. There were not similar concerns expressed about commercial loans. Last week the U.S.

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Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Equity REITs own and operate income-generating real estate properties, while mortgage REITs invest in mortgages and other real estate debt instruments. Further, the potential for higher foot traffic in mixed-use developments can benefit commercial and retail tenants. You’ll find different types of REITs.

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PACE in Maryland is Not Keeping Pace

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to commercial property owners for energy efficiency, water conservation and renewable energy projects (e.g., million existing commercial buildings in the U.S. So, what is wrong?

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