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Kier whittles net debt down to £230m

Construction Enquirer

Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. ”

Debt 47
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Howard Russell Construction goes into administration

Construction Enquirer

Northumberland based Howard Russell Construction has gone into administration. In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. Administrators from FRP Advisory are now in control of the £43m turnover business. with 31 staff working at the company.

Debt 103
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Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need a solid understanding of capital to run a successful business. .

Debt 97
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Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Different construction trends impact the demand and supply of real estate properties. In today’s post, we’ll give you an overview of REITs and examine specific construction trends and their impact on REITs. REITs with modular construction properties can benefit from these advantages. You’ll find different types of REITs.

Income 216
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Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

when Northumberland based Howard Russell Construction went into administration. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. FRP said suppliers would get some money back for their debts once the company’s assets were realised during a liquidation.

Debt 72
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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. The ambitious growth target would see its corporate family of engineering and environmental services businesses double from 200 and 400. 2018: revenue doubles to £147m; pre-tax loss £9.3m

Equity 71
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What is Building Construction | Steps & Processes of Building Construction | Application of Building Construction | How to do Planning of Building Construction

CivilJungle

Definition of Construction. Construction is the methodology of developing a building or infrastructure. Manufacturing refers to production of comparable items with no particular purchaser, while construction occurs on a location for a known client. What is Building Construction? Pre-construction Steps. Excavation.

Plans 52