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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. reported in the prior year.

Debt 47
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Howard Russell Construction goes into administration

Construction Enquirer

Northumberland based Howard Russell Construction has gone into administration. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts.

Debt 103
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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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HBI President Ed Brady’s Call to Action to Solve the Construction Industry’s Labor Shortage

Pro Builder

HBI President Ed Brady’s Call to Action to Solve the Construction Industry’s Labor Shortage. 2022 Housing Forecast: Opportunities and Challenges. What Is the HBI’s Plan for Tackling the Labor Shortage in Construction? million new construction workers in the next three years? Fri, 03/04/2022 - 10:08. million by 2025. . “And

NAHB 105
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A Cash Flow Guide for Architects

Levelset

Running an architectural firm is a bit different than other companies in the construction industry. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Forecasting your revenue. From forecast to pricing. Lucas Gray.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Let me tell you about Construction’s Secret Weapon. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Is it profitable? Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. Should future sales decline even further, Benach says he will conserve cash by pushing back construction starts.