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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.

Debt 84
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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.

Banking 100
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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.

Debt 79
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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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The New Flat Rate to host Major League for a Day seminar in Atlanta April 12

Contractor Magazine

Seminar designed to help HVAC, plumbing and electrical service company owners run a profitable, debt-free business. The New Flat Rate, a leading provider of menu pricing for residential home service companies, is hosting a seminar at the Hilton Garden Inn, Atlanta Airport, on Wednesday, April 12, from 8 a.m. to 5:30 p.m. read more.

Atlanta 76
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NAHB Chairman's Letter: A Toolkit to Combat the Labor Shortage

Pro Builder

And those unfilled positions are a barrier to new residential construction and housing affordability. Our industry, which has been an economic bright spot for the broader economy during the COVID-19 pandemic, can show young people that residential construction offers well-paying jobs and satisfying careers. Chuck Fowke.

NAHB 105