Remove Debt Remove Forecasting Remove Profitability
article thumbnail

Howard Russell Construction goes into administration

Construction Enquirer

Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts. with 31 staff working at the company. Accounts show that the company owed £4.4m

Debt 103
article thumbnail

Kier whittles net debt down to £230m

Construction Enquirer

Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. reported in the prior year.

Debt 47
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. FRP said suppliers would get some money back for their debts once the company’s assets were realised during a liquidation. Howard Russell worked across the UK as a design and build contractor for a wide range of sectors.

Debt 72
article thumbnail

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

Pro Builder

Is it profitable? Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. If the market did roll over, he might have to lay people off, but would not be stuck with land debt.

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. When the payment hits their account, they may mistake it for profit. Which then throws everything off from revenue forecasting to budgeting. Slow Work in Progress Figures Just Don’t Work.

article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says. Wages are rising, but not as fast as inflation, so job growth and low household debt burdens are keeping the economy going,” Rogers adds.

Housing 98
article thumbnail

STATE FOCUS: Florida – Let The Sun Shine

Buisness Facilities Contributed Content

According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. By Dominique Cantelme. From the July/August 2013 issue. percent in 2014 and 4.1 percent in 2016.

Florida 74