London council tightens contractor checks after Osborne collapse

Contractors seeking to do business with the City of Westminster will face more scrutiny and stricter safeguards following the collapse of Geoffrey Osborne. A report by the council’s Audit and Performance Committee on learning lessons from the firm’s demise said a number of robust measures… The post London council tightens contractor checks after Osborne collapse appeared first on Construction News.

Osborne administrators mull legal action over £5m of debt

Administrators for Geoffrey Osborne are weighing up legal action as they attempt to recover £5m from the collapsed contractor’s debtors. RSM Restructuring Advisory – called in last April when Geoffrey Osborne went under – said in an update published last week that formal action against organisations… The post Osborne administrators mull legal action over £5m of debt appeared first on Construction News.

Geoffrey Osborne still in legal turmoil one year on from collapse

A year after declaring administration, Geoffrey Osborne is taking on counterclaims and challenges regarding payments for contracts. The post Geoffrey Osborne still in legal turmoil one year on from collapse appeared first on Planning, Building & Construction Today.

Osborne administrators face counterclaims on all ongoing projects

Administrators for collapsed contractor Geoffrey Osborne have engaged lawyers to deal with counterclaims on every contract the firm was working on when it went under. RSM Restructuring Advisory – called in last April when Geoffrey Osborne went under – said in an update published this… The post Osborne administrators face counterclaims on all ongoing projects appeared first on Construction News.

Geoffrey Osborne went under owing £45.1m

Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported. In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on… The post Geoffrey Osborne went under owing £45.1m appeared first on Construction News.