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The UK’s largest contractors claimed just over £10m in furlough cash in the three months to the end of February, new figures from HMRC have revealed. Analysis of HMRC’s furlough data found that the combined claims by CN100 contractors totalled up to £3.9m in February, up from a maximum of £3.7m in the previous month. In the three months to the end of February, companies in the CN100 had claimed up to £10m, up from £6.1m in the two months to the end of January. HMRC publishes monthly lists of all UK companies that have placed staff on furlough via their payroll schemes; the figures for February were published on 6 May. ....
Case study: Hackney New Primary School and 333 Kingsland Road housing by Henley Halebrown 16 April 2021 By AJ Contributor, photography by Nick Kane 1/17 Source: Henley Halebrown’s new combined primary school and housing development in Hackney accommodates community-friendly features into its façades The practice was commissioned in 2015 to design a hybrid building combining a 350-pupil primary school and 68 homes on a former fire station site. The 11-storey apartment block protects the three-storey school from the noise and fumes on a busy London street. Its compact plan frees up much of the site for the school and its generous courtyard playground. Advertisement ....
Revealed: furlough claims by the largest firms in January constructionnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionnews.co.uk Daily Mail and Mail on Sunday newspapers.
Mike Stanton has retired after more than 38 years at the M&E firm Briggs & Forrester’s chairman and former owner has left the business, Construction News can reveal. Mike Stanton has retired after more than 38 years at the mechanical and electrical contractor. He has been replaced by chief executive Paul Burton who has taken on the role of chairman in addition to that of CEO. Stanton was left the company by his father Philip Stanton, who took over the business in 1965. Philip remained at the head of the firm until his untimely death in 1983, when the company was passed to Mike and his brother Graham. Joining the company just a few months after his father’s passing, initially as head of finance, sales and marketing, Mike oversaw its growth into one of the largest and most successful M&E firms in the UK and became chairman in 1996. ....
In our second major analysis of industry payment-practice reports, Megan Kelly delves into the government data to identify the best and worst payers in the sector. We also look beyond the headline figures to uncover the often complex reasons why some companies appear able to settle their debts more swiftly than others Slow payment has long plagued construction. It comes as no surprise to learn that, in 2020, amid a global pandemic, a national shutdown, and with many companies struggling for cash, poor payment practices have again come to the fore. According to Construction News’s latest analysis of government payment data, most of which was collected after the first lockdown was enforced in March 2020, many must still wait well beyond 30 days to receive payment. Adding to cashflow challenges, nearly a third of all payments breached agreed terms, typically meaning a commitment to pay by some other deadline beyond 30 days was also missed. ....