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Metnor supply chain debts hit £10m

Construction Enquirer

More than 450 firms have been hit by the collapse of Metnor Construction with subcontractors and suppliers owed more than £10m. 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

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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.

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Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

London-based refurb and building specialist ME Construction went into administration owing subcontractors and suppliers nearly £4m. Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. An update from administrator FRP Advisory showed more than 300 trade creditors were owed £3.8m

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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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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

Doncaster based residential developer Empire Property Concepts Ltd went into administration owing suppliers and subcontractors more than £500,000. An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April.

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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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NAHB Chairman's Letter: A Toolkit to Combat the Labor Shortage

Pro Builder

October is Careers in Construction month, and NAHB has resources to help members promote careers in the skilled trades. Open construction jobs stand at 321,000, according to the latest data from the Bureau of Labor Statistics. And those unfilled positions are a barrier to new residential construction and housing affordability.

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