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Forrest collapse: Suppliers to lose £25m

Forrest collapse: Suppliers to lose £25m

Forrest’s suppliers and subcontractors are expected to lose virtually all of the £24.6m they are owed by the failed contractor. source https://www.constructionnews.co.uk/companies/administrations/forrest-collapse-suppliers-to-lose-25m/10038882.article
Forrest collapse: Suppliers to lose £25m

Mace confirmed for £350m Paddington Cube

Great Western Developments and development partner Sellar have confirmed Mace as the main construction partner to deliver the Paddington Cube project in London. The Paddington Cube will feature four levels of retail and restaurant space and a roof-top restaurant and...
Skanska Costain JV starts Euston Station HS2 demolition works

Skanska Costain JV starts Euston Station HS2 demolition works

A Skanska Costain joint venture is pressing ahead with demolition works to pave the way for the vast HS2 station project. Demoltion contractor McGee has just erected the first tower crane to start dismantling two multi-storey office buildings – One Euston Square...
Forrest collapsed owing £28m to unsecured creditors

Forrest collapsed owing £28m to unsecured creditors

North west builder Forrest collapsed leaving trade contractors and suppliers £28m out of pocket. According to a report by administrators FRP Advisory even the firm’s banks and lenders, with secured creditor status, stand to lose much of the £17.6m they are owed...