Firm collapsed in 2023 owing £43m

Unsecured creditors of collapsed London high-rise builder Henry Construction Projects have been told there is a chance they could get some money back.

Henry collapsed in June 2023 owing dozens of firms a total of more than £43m with eight firms each owed more than £1m.

In an update to Companies House this week, administrator FRP said “it is believed that there should be sufficient funds to pay a dividend to the unsecured creditors in due course”.

henry

Henry went into administration in June 2023

But it added this depended on how successful it was in chasing £31m in claims against the firm and members of the Henry family, saying payments would be assessed “once the asset realisation process and/or any recovery opportunities arising from the investigation process and associated legal actions are concluded”.

FRP has previously said it had begun proceedings to try and recover three tranches of money. FRP said the three claims are now being case managed together.

The defendants filed their defence last July, FRP said, with the administration extended to June 2027 to deal with “the numerous ongoing and lengthy workstreams required”.

In previous updates, FRP said it took four months to download the firm’s electronic records and criticised Henry’s record keeping. It added the firm had “numerous bank accounts”.

Topics