The two Wembley Link towers behind the High Road at an earlier stage
Update from the Construction Index (LINK)
As previously reported, Geoff Rowley and David Hudson of specialist business advisory firm FRP were appointed as joint administrators to Henry Construction Projects Limited on Thursday 8th June 2023.
Since the appointment, the administrators have been assessing the position of the business with support from sector professional advisors.
The business is no longer trading and most of its 40 staff have been made redundant. A small number has been retained to assist the administrators in their duties.
Gateley Vinden, the property and construction consultancy, is supporting the administrators as they contact developers across sites in progress along with Hilco Valuation Services, the asset valuation, advisory and sales practice of Hilco Global, which is assisting with the asset recovery and disposal strategy.
Mark Henry’s own personal property portfolio is understood to be unaffected by the collapse.
David Hudson, partner at FRP and joint administrator of Henry Construction Projects Limited, said:
Henry Construction was a significant player of scale in the UK market. Unfortunately, given its financial position, it was not able to continue trading and so all operations have ceased. Regrettably, the majority of staff have been made redundant and we are supporting them in making the appropriate claims to the Redundancy Payments Office.
We continue our work to gather information about the assets and liabilities of the business and understand the events leading up to the insolvency. As part of that process, we are engaging with developers regarding the status of each site.