Brymor suppliers owed £15m after pre-pack administration

Administrators for collapsed contractor Brymor Construction have warned that suppliers may be left out of pocket to the tune of almost £15m. Michael Magnay and Mark Firmin from Alvarez & Marsal were appointed as administrators for Brymor Group Limited (BGL) and Brymor Construction Limited (BCL)… The post Brymor suppliers owed £15m after pre-pack administration appeared first on Construction News.

Brymor trade contractors hit for £16m

Administrator warns there is little prospect of any cash returns to out-of-pocket subcontractors

Discover the Latest News on UK Housebuilding, Offshore Wind Monopile Factory Construction, Brymor Group Future, and UK Construction Empire Sold for €500m

In this article, we are going to learn more about the construction business in the United Kingdom, which has been doing poorly for some months due to the rise in the cost of construction, which has slowed the expansion of buildings. Each year, SeAH intends to build between 100 and Continue Reading

Troubled contractor Brymor appointed administrators prior to sale

Troubled Portsmouth-based contractor Brymor appointed administrators to help secure the sale of the business and save up to 100 jobs. Michael Magnay and Mark Firmin from Alvarez & Marsal were appointed as administrators for Brymor Group Limited (BGL) and Brymor Construction Limited (BCL) on 8… The post Troubled contractor Brymor appointed administrators prior to sale appeared first on Construction News.

Investor secures future for Brymor Group

Article by Kerry Lorimer   Hampshire-based investor Portchester Equity has acquired Brymor Group, rescuing it from administration. Brymor, one of the largest independent construction companies in the UK, last month filed notice of its intention to appoint administrators, blaming cashflow problems during the COVID-19 pandemic… The post Investor secures future for Brymor Group appeared first on Construction News.