News tagged Insolvency
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Merit administrators agree sale of former head office
Administrators for offsite specialist Merit say they have agreed a deal to sell the company’s former headquarters. A report by administrators from insolvency specialists Interpath, published this week on Companies House, details that the head office in Cramlington, Northumberland, has been snapped up by a… The post Merit administrators agree sale of former head office appeared first on Construction News.
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Monthly construction insolvencies fall by nearly a third
Construction business insolvencies in England and Wales fell by nearly a third in May 2026, according to the latest monthly Insolvency Service (IS) figures. Data released this morning shows 281 construction firms collapsed last month. This marks a 30 per cent month-on-month decrease compared with… The post Monthly construction insolvencies fall by nearly a third appeared first on Construction News.
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Ardmore collapse triggers 275 job losses
Two insolvency practitioners - BTG and Panos Eliades Callender & Co - start assessing assets
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Groundworks specialist sold in pre-pack administration
A £23m-turnover groundworks specialist has been bought in a pre-pack administration deal. Hampshire-based Mackoy Groundworks and Civil Engineering went into administration on 9 June, with insolvency specialists Quantuma citing labour and material costs as a cause of the firm’s struggles. The contractor has been sold… The post Groundworks specialist sold in pre-pack administration appeared first on Construction News.
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The construction sector is still pricing for a world that no longer exists
Freddy Khalastchi is a partner at business advisory and accountancy firm Menzies UK construction remains under significant strain. The sector accounted for 17 per cent of all company insolvencies in 2025, according to the Insolvency Service, once again placing it at the top of Britain’s… The post The construction sector is still pricing for a world that no longer exists appeared first on Construction News.
Resources tagged Insolvency
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King’s College London, in conjunction with, Fenwick Elliott, CMS, HKA and Keating Chambers present a seminar exploring the current construction climate, identifying and mitigating risks and how companies can prepare themselves for turbulent times ahead.
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Fenwick Elliott - Annual Review 2022, 2023 (December 2022)
A round-up of key developments in the construction, engineering and energy arena including: The Building Safety Act, Adjudication updates, the Construction Industry Law Letter, Technology advances, and economic and political challenges
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CABE - Dispute Resolution & Avoidance in Construction Contracts, 11082020
This Webinar by Michael Gerard Michael Gerard Solicitors looks at Dispute Resolution and Avoidance in Construction Contracts
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Metroun - Collateral Warranties, What Purpose Do They Serve
Insolvency is a huge risk in the construction industry. What first seems like the perfect project, can quickly become the perfect storm. Sometimes, the beneficiary of a construction project can all of a sudden be left with no contractual link to project stakeholders. This is where Collateral Warranties come in. This video discusses what Collateral Warranties are and the purpose they serve.
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Metroun - Vesting Certificates, are they needed, 22122021
A vesting certificate can be used as evidence that ownership belongs to the client upon payment, defeating third party claims of retention of title. In other words, if a contractors becomes insolvent before the items have arrived to site, the vesting certificate is proof that the client is the rightful owner. So that solves that issue right? Well, there’s a little more to it....
Questions tagged Insolvency
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