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Insolvency

Blencowe report details £620,000 asset sale and creditor shortfall

Newly filed administrators’ proposals detail the August equipment sale to Aiseandan Plant and forecast no dividend for Blencowe’s unsecured creditors.

Construction tops insolvency table with 3,866 failures

Construction recorded 3,866 company insolvencies in England and Wales in the year to August, the highest total of any industry, despite a 2% annual fall.

HMRC files winding-up petition against JECS Offshore Scaffolding

Offshore wind scaffolding specialist JECS Offshore Scaffolding is facing a winding-up petition brought by HM Revenue & Customs, with a High Court hearing listed for 23 September.

Australian scaffolding body warns Kwikform collapse exposes subcontractor risks

Australia’s scaffolding trade body has said the voluntary administration of the Kwikform group highlights wider concerns over subcontractor exposure and payment risk across the...

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