FRP appointed to Henry Construction Projects yesterday

London high-rise builder Henry Construction Projects has gone into administration after weeks of speculation about the health of the contractor.

FRP Advisory was brought in yesterday and in a statement said: 鈥淕eoff Rowley and David Hudson of specialist business advisory firm FRP were appointed as joint administrators to Henry Construction Projects Limited.

鈥淔ollowing the appointment, the joint administrators are currently assessing the position with support from sector professional advisors.鈥�

henry

Henry sites are now at a standstill after administrators were called in yesterday

In its last set of accounts, Henry Construction Projects, which specialised in residential and mixed-use jobs, posted an improved turnover of 拢402m in the year to June 2021.

The figure was up 7% on the previous 12 months with pre-tax profit during the period up 8% to 拢14m.

In the accounts, which were signed off by director Mark Henry last April, the firm said: 鈥淲e have some great stable client relationships leading to repeat business and we are confident of the future and look forward to the years to come.鈥� It added that it mitigated risk 鈥渂y focussing on winning framework agreements鈥�.

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As well as high-rise, the firm also carried out civils, groundworks and reinforced concrete work.

Mark Henry was also a director of 拢140m turnover Lancsville Construction which was set up in 1976 by his father William but went into administration at the end of 2009.

The Harrow-based firm started out as a concrete frame specialist but, according to the administrator鈥檚 report, grew into a design and build contractor under Mark Henry鈥檚 stewardship. The firm collapsed owing 拢14.5m.