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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. He also said the average month-end net debt position would now be better than expected at £230m, down from £243m at the half year. ” . ”

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Floor Votes Are Next Hurdles for Deal on US Debt Limit

ENR Construction

The measure includes permitting reform, spending caps, and a boost for the Mountain Valley Pipeline project.

Debt 68
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Feds Advance Approvals for $2.5B Nevada Transmission Projects

ENR Construction

But White House and legislators punt on more sweeping US transmission upgrade measures as they OK all permits for controversial gas pipeline in deadline-pushed debt ceiling compromise bill now set for House and Senate votes.

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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. The firm’s demise was confirmed by CEO and founder John Wardle who said: “To our supply chain who supported us to the end. Details show trade creditors owed £2.7m and subcontractors a further £4.6m

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. In your construction company it is the same, you need the answers in order to develop understanding and that is what helps us all let go of the past and move forward.

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Ilke Homes files administration notice

Construction Enquirer

US-based investor Fortress led the equity investment fundraise, with existing shareholders TDR Capital and Sun Capital also subscribed. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. This came after a £60m injection in November 2021.

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Millennial Buyers Are Flooding the Housing Market

Pro Builder

Millennials are overtaking baby boomers to become the largest US adult population with a growing number of first-time buyers. In 2020, millennials accounted for more than half of all home-purchase loan applications after surpassing baby boomers to become the largest living adult generation in the US.

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