{"id":16518,"date":"2023-05-03T22:31:41","date_gmt":"2023-05-04T05:31:41","guid":{"rendered":"https:\/\/essential.construction\/news\/howard-russell-construction-goes-into-administration\/"},"modified":"2023-05-03T22:31:41","modified_gmt":"2023-05-04T05:31:41","slug":"howard-russell-construction-goes-into-administration","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/howard-russell-construction-goes-into-administration\/","title":{"rendered":"Howard Russell Construction goes into administration"},"content":{"rendered":"

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Administrators from FRP Advisory are now in control of the \u00a343m turnover business.<\/p>\n

Howard Russell works across the UK as a design and build contractor for a wide range of sectors.<\/p>\n

Latest results for the firm for the year to March 31 2022 show a pre-tax profit of \u00a3790,000 from a turnover of \u00a343.5m with 31 staff working at the company.<\/p>\n

Accounts show that the company owed \u00a34.4m to trade creditors at the end of the 2021\/22 financial year.<\/p>\n

In its forecast for this year Howard Russell was predicting a turnover of up to \u00a380m based on a rising number of negotiated contracts.<\/p>\n

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Data and credit checking specialist Red Flag Alert highlighted the firms\u2019 administration notice with its regular checks of high court construction insolvency applications.<\/p>\n

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.<\/p>\n

The Enquirer<\/em> has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.<\/p>\n

For more information and to benefit from the Enquirer<\/em> discount click here<\/a>.<\/p>\n<\/div>\n

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