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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators.

Banking 100
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Main Image.

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Elements Europe wins Digbeth 550 rental flats

Construction Enquirer

Offsite modular specialist Elements Europe has been confirmed as the main delivery partner a central Birmingham 550-flats build-to-rent scheme. Acting as both the main contractor and offsite manufacturer, Elements Europe will deliver a full turnkey package for the Digbeth scheme known as Smith’s Garden.

Debt 64
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Pity the fool - The Business Facilities Blog - Economic Development.

Business Facilities

The flaw, he explained, was that the banking giants had failed to regulate themselves, causing the intellectual edifice of the modern risk-management paradigm to collapse. So Alan Greenspan is shocked, shocked, that unregulated banks might get so greedy that they would act irresponsibly. << Back to the BF Blog main page.

Debt 40
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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Unlike the previous global recession caused by loose credit, inflated appraisals, and subprime mortgages to unqualified buyers, the fundamentals for housing since have been solid, as banks tightened lending practices and builders collectively seemed less extended. Benach also has a willingness to adjust, even when times are good. Builders.

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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal

Contractor Bookkeeping

The main characters are Fred and his lovely supportive wife Wilma. External Accounting - The part that provides information to process Payroll and fill out Monthly and Quarterly Tax forms and the Annual Tax Return and to fill out Bank Loan Applications. After A Few Months - The bank started bouncing Fred''s checks.

Deals 49
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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

« Housing boom leads to copyright litigation increase | Main. | The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Waivers of liens: fraud. 12, 2005).

Lien 40