so ..... basically they're bust - - - continued

[V8Druid]

Lendlease begins consultation on job losses at developments business

Firm says construction business not affected by cull

www.building.co.uk

'nother BIG one lining up to go pop ... in deepest tish in China and Asia Pacific

 

[V8Druid]

https://www.building.co.uk/news/skanska-forced-to-revise-2022-profit-down-after-saying-costs-of-completing-jobs-was-underestimated-by-30m/5130371.article?utm_medium=email&utm_campaign=Daily Building Daily news&utm_content=Daily Building Daily news+CID_636f3716fae32bf836fed502b2b14b29&utm_source=Campaign Monitor emails&utm_term=Skanska forced to revise 2022 profit down after saying costs of completing jobs was underestimated by 30m

 

[V8Druid]

Scottish façade specialist collapses after 120 years

Charles Henshaw & Sons Ltd, one of Scotland’s leading façade specialists, has fallen into administration.

www.theconstructionindex.co.uk

72 jobs gone

 

[V8Druid]

'nother one bites the dust
" £140m turnover fit-out firm files administration notice "

Beck Interiors files administration notice

Supply chain has suffered delayed payments from £139m-turnover luxury fit out specialist

www.constructionenquirer.com

 

[V8Druid]

spent all the grants

HyperTunnel runs out of road

A British technology company seeking to revolutionise the world of tunnelling has collapsed into administration.

www.theconstructionindex.co.uk

Tunnel vision – a new approach to tunnelling

A new approach to tunnelling has caught the imagination of some of the world’s leading civil engineers – despite the idea’s originators having no prior experience of tunnelling. David Taylor reports

www.theconstructionindex.co.uk

 

[V8Druid]

again -- how can they continue to function with this level of losses ......

Bouygues’ losses top £100m in past two years after firm sinks deeper into red in 2023

Firm's building arm racked up £62m loss last year

www.building.co.uk

" Bouygues’ losses top £100m in past two years after firm sinks deeper into red in 2023 "

Losses widen for Bouygues UK

Accounts filed by Bouygues (UK) Ltd for 2023 show turnover down and losses growing.

www.theconstructionindex.co.uk

 

[V8Druid]

CPA downgrades growth forecasts again

The construction industry is doing worse than expected this year, with little sign of any imminent improvement.

www.theconstructionindex.co.uk

 

[V8Druid]

Nearly-three quarters of levy-paying firms want to scrap CITB, says survey

Hudson Contract suggests merging training board with new Skills England body

www.building.co.uk

" only 12% said they would keep the levy and CITB if given the choice. "

 

[V8Druid]

https://www.theconstructionindex.co.uk/news/view/citb-plans-consultation-for-next-levy-term

not looking good then

Nearly-three quarters of levy-paying firms want to scrap CITB, says survey

Hudson Contract suggests merging training board with new Skills England body

www.building.co.uk

" only 12% said they would keep the levy and CITB if given the choice. "

 

[kabin man]

https://www.autoexpress.co.uk/news/363925/recaro-folds-and-wheels-come-bbs-financial-trouble-strikes
The two biggest fantasies of us 80's souped up xr3 kids have gone tits up..

 

[6feetdown]

https://www.autoexpress.co.uk/news/363925/recaro-folds-and-wheels-come-bbs-financial-trouble-strikes
The two biggest fantasies of us 80's souped up xr3 kids have gone tits up..

Yep Recaro bucket seats

 

[V8Druid]

https://www.autoexpress.co.uk/news/363925/recaro-folds-and-wheels-come-bbs-financial-trouble-strikes
The two biggest fantasies of us 80's souped up xr3 kids have gone tits up..

that's a sad read -- two iconic companies

Yep Recaro bucket seats

they made the seats for the Renault 17 Gordinis .. a very nicely padded bucket seat you could comfortably sit in for hours (Renault seats were always legendary for comfort in the '70s/'80s anyway) so assume they'd spec.ed the comfort levels.
spent months looking for a set for my mini cooper in the early '80s .... and a few years later was lucky enough to own a 17 Gordini too - they were a rare car - multi point digital injection and like tish on a blanket .. were one quick motor in their day

 

[kabin man]

It's becoming such a day to day event that we are so used to it.
Look at the numbers that are owed,how do they let it get that high?
My credit score is average for my area etc,yet a can't get credit on f all of value. Even things like a nice car where there is at least an asset to take back..
The amount of people who purchase stuff and wait for it,and never get it is mental..

https://www.retailgazette.co.uk/blog/2024/07/carpetrights-213m-debt/

 

[V8Druid]

https://www.theconstructionindex.co.uk/news/view/tophat-faces-winding-up-petition

" Harworth Estates Residential Development Limited filed a petition to wind up TopHat Communities Ltd on 2nd August. It is scheduled to be heard at the High Court of Justice, Business and Property Courts in Leeds on 13th August.
In March this year TopHat mothballed plans to open a new factory at Magna Park, Corby.
Most recent accounts for TopHat Communities Ltd show a £5.1m pre-tax loss on turnover of £13.4m for the year to 31st October 2022.
TopHat Communities is the arm of the business that is responsible for the deployment of modules on customer sites. Manufacturing is undertaken by TopHat Industries Ltd, which lost more than £20m before tax in 2022 on barely £10m of sales. "

 

[V8Druid]

Homes England set to recoup just a fraction of what it is owed in wake of Ilke failure

Administrators say government's housing agency to get back just £5m of missing £69m

www.building.co.uk

 

[V8Druid]

'nother one bites the dust
" £140m turnover fit-out firm files administration notice "

Beck Interiors files administration notice

Supply chain has suffered delayed payments from £139m-turnover luxury fit out specialist

www.constructionenquirer.com

Pre-pack deal saves part of stricken fit-out contractor

Administrators say move rescues jobs and keeps value at Beck Interiors which was hit by 'liquidity issues because of ongoing customer dispute'

www.building.co.uk

 

[V8Druid]

Nearly-three quarters of levy-paying firms want to scrap CITB, says survey

Hudson Contract suggests merging training board with new Skills England body

www.building.co.uk

" only 12% said they would keep the levy and CITB if given the choice. "

CITB denies asking ‘leading’ questions in levy consultations after spat with polling firm

Training group trades blows with Survation over levy survey

www.building.co.uk

 

[V8Druid]

https://www.theconstructionindex.co.uk/news/view/tophat-faces-winding-up-petition

" Harworth Estates Residential Development Limited filed a petition to wind up TopHat Communities Ltd on 2nd August. It is scheduled to be heard at the High Court of Justice, Business and Property Courts in Leeds on 13th August.
In March this year TopHat mothballed plans to open a new factory at Magna Park, Corby.
Most recent accounts for TopHat Communities Ltd show a £5.1m pre-tax loss on turnover of £13.4m for the year to 31st October 2022.
TopHat Communities is the arm of the business that is responsible for the deployment of modules on customer sites. Manufacturing is undertaken by TopHat Industries Ltd, which lost more than £20m before tax in 2022 on barely £10m of sales. "

Persimmon writes off £25m investment in modular firm TopHat

Housebuilder says move follows 're-assessment of risks within modular build sector'

www.building.co.uk

 

[V8Druid]

Report highlights impact of insolvencies

A survey of 256 construction contractors found that more than half had had projects impacted by insolvency in the last three months.

www.theconstructionindex.co.uk

 

[V8Druid]

and another modular house builder bites the dust

West Midlands modular firm falls into administration

122 jobs axed as Modpods International enters administration

www.constructionenquirer.com