Payapps becomes sponsor at Construction CFO Summit
Payapps brings main contractors and subcontractors together to simplify and speed up progress claims and approvals.
Payapps brings main contractors and subcontractors together to simplify and speed up progress claims and approvals.
Mace has released its Q4 Market View which includes analysis of ‘another poor quarter’ for the construction industry.
SEGRO confirmed the appointment of Winvic as the principal contractor.
But the deadline to be part of this major infrastructure programme is looming.
Turnover for the Essex contractor for the year ended 31 March 2023 was £421.1 million, a 22 per cent rise on the £345 million reported in FY2022.
It follows reports the FTSE 250 housebuilding company recently opened negotiations with subcontractors on existing contracts – amid expectations of a £40 million hit to its profits.
Turnover for the year ended 31 December 2022 was also reported at £382.6 million, compared to £483.6 million in the previous financial period.
More than 1,000 staff were made redundant after ilke’s collapse.
It is believed to be the oldest family-owned construction company in the North East.
The modular firm went under owing £320 million to creditors, suppliers and subcontractors.