Administrators probe Surgo’s pre-collapse property transfers

Administrators for collapsed contractor Surgo Construction are scrutinising a decision to transfer properties out of the company before it went under. Steven Ross from FRP Advisory and and Stephen Lancaster from Lucas Ross said the timing and price of the transfers remain under the microscope.… The post Administrators probe Surgo’s pre-collapse property transfers appeared first on Construction News.

Payouts unlikely for collapsed M&E firm’s ex-employees

Administrators for collapsed mechanical and electrical (M&E) specialist JS Wright & Co have said the outlook for preferential creditors has worsened. In their latest progress report, administrators Ben Jones and Rajnesh Mittal from FRP Advisory added that they expected to recover less than they originally… The post Payouts unlikely for collapsed M&E firm’s ex-employees appeared first on Construction News.

London-based family firm names administrators

Jerram Falkus Construction Ltd has ceased trading and called in administrators from FRP Advisory. Allan Kelly and Shaun Hudson of FRP were appointed as joint administrators for the London-based firm on 17 February. Jerram Falkus Construction “was a long-established, family-owned construction business operating across London… The post London-based family firm names administrators appeared first on Construction News.

Resi SME developer enters administration

Property development and management company Calmont Homes has appointed joint administrators from FRP Advisory Trading. The post Resi SME developer enters administration appeared first on Property Week.

Hope for £43m owed to Henry’s supply chain

Administrators for Henry Construction Projects say there could be sufficient funds to pay some of the £43m owed to its supply chain if legal proceedings are successful. In their latest progress report, joint administrators David Hudson and Geoffrey Rowley of FRP Advisory said they were… The post Hope for £43m owed to Henry’s supply chain appeared first on Construction News.