Henry administrators probe events in lead up to collapse

Aaron Morby 12 months ago
Share

Administrators for Henry Construction Projects have confirmed the majority of the contractor’s 40 staff have been laid off.

Administrators from insolvency practice FRP also said they are now working to gather information on remaining assets and events in the lead up to the collapse of the £400m turnover tower builder.

It is understood several clients on Henry’s more advanced projects are now in talks with subcontractors and suppliers to finish work directly.

This includes Henry’s big tower project on City Road in London for developer Ghelamco.

The developer is understood to have decided to finish the mixed residential scheme known as the ARC employing firms directly.

ARC project on City Road where developer Ghelamco aims to finish using self delivery

Gateley Vinden, the property and construction consultancy, is supporting the joint administrators as they contact developers across sites in progress along with Hilco Valuation Services, the asset valuation, advisory and sales practice of Hilco Global, which is assisting with the asset recovery and disposal strategy.

Administrator David Hudson, Partner at FRP, said: “Henry Construction was a significant player of scale in the UK market.

“Unfortunately, given its financial position, it was not able to continue trading and so all operations have ceased.

“Regrettably, the majority of staff have been made redundant and we are supporting them in making the appropriate claims to the Redundancy Payments Office.

“We continue our work to gather information about the assets and liabilities of the business and understand the events leading up to the insolvency. As part of that process, we are engaging with developers regarding the status of each site.”

 

Latest news

Firms readied for £1.5bn Parliament estate upkeep deal

Invitation to tender due to go out next month
8 hours ago

Direct delivery model pays off as Murphy profit soars to £67m

Group operating margin jumps from 3% to 5% in record year
21 hours ago

Ex-Galliard boss to lead Battersea next building phase

Don O’Sullivan joins as plans advance to start phase 3C of power station redevelopment
20 hours ago

£100m Digbeth 33-storey flats job out to bid

483 flats will be delivered for Clarion housing association
20 hours ago

Van Elle fined £233,000 after piling rig kills driver

Court hears how tragedy was caused by poorly maintained plant
21 hours ago

Renew buys utilities contractor Excalon

Infrastructure giant expand into electricity transmission market with £26m deal
21 hours ago

Planning for new homes plunges to record low

Home builders call for urgent action from incoming government
20 hours ago

JTRE starts £400m 21-floor London tower scheme

Office block and 64 affordable homes to be built at 220 Blackfriars Road site
2 days ago

R G Carter construction profits up despite 24% revenue fall

Selective client choice help profit jump to £6m from £1m previously
2 days ago

Refurbs power London office work to record high

London Office Crane Survey office work starts exceed 4m sq ft for record third quarter
2 days ago

Knight Build owed money for work on UK’s poshest street

Contractor takes legal action over unpaid bills on new luxury flats complex
2 days ago

Winvic ranks top of May contracts league

Large residential scheme in Leeds caps strong haul of orders
2 days ago

Bid race starts for up £95m repairs to PFI hospital

Roseberry Park Hospital in Middlesbrough hit by serious defects
2 days ago

Building Safety changes slow down construction recovery

Confused market contains paradox of falling workload and contractors claiming they are too busy
2 days ago

Wates rejigs businesses as veteran leader retires

Wates Construction Group MD Paul Chandler to retire at end of year
5 days ago

Scaffolder dies from chemical burns

Tata Chemicals Europe fined £1.125m after death of Altrad scaffolder
5 days ago

M&E firms warn of persistent skills shortages

Shortage of adequately skilled workers blamed for slow growth
5 days ago

Southern Water names consultants for AMP8

Seven firms to share £240m in professional services spend
5 days ago

Construction buyers see momentum building

Contractors gearing-up for future growth as workloads and confidence rise
6 days ago

Bouygues bags £80m London NHS diagnostic centre job

New five-storey scanning facility to be built at West Middlesex University Hospital
6 days ago

London £3bn schools framework out to tender

SMEs allocated slots on London Construction Programme education framework refresh
6 days ago

Berkeley’s £270m Bath gas works scheme approved

House builder plans to build over 600 flats on banks of River Avon
6 days ago

Road sweeper firm Go Plant went down owing suppliers £4.3m

Former staff launch claim for compensation
6 days ago

Openreach fined £1.34m after engineer drowns in river

Court hears how engineer was swept away after falling into water while trying to repair a telephone line
6 days ago

Glencar bags £30m Cambridge lab and office job

Project will be built at Chesterford Research Park life sciences cluster
6 days ago

Bids due in to replace Luton Airport car park destroyed by fire

Big name firms set to battle for £37.5m contract
7 days ago

Plan in for £500m London beds and sheds docks scheme

Work to start in early 2025 on 200 flats, 1,400 student bed and logistic scheme
7 days ago

Operator trapped on crane boom in London site fire

Seven hospitalised after blaze at Bouygues East London building site
1 week ago

Kier FM arm splits into three business streams

Kier Places to extend reach to south coast with reorganisation
7 days ago

Seven secure £3bn United Utilities sewage works deal

Costain, Kier, Murphy and VolkerStevin among winners
7 days ago

Contractor services