London high-rise specialist collapsed last summer

Administrators of collapsed London high-rise builder Henry Construction Projects have said it took four months to download the firm鈥檚 electronic records.

The 拢400m turnover firm sank into administration last June after weeks of speculation about the health of the contractor.

In an update, FRP Advisory said Henry鈥檚 electronic records were cloud based and totalled more than 15 terabytes. 鈥淭he download of this data took four months to complete,鈥� FRP said.

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Henry sank owing firms more than 拢43m

One terabyte is the equivalent of 1,000 gigabytes while it is estimated that 1TB could hold 1,000 copies of the Encyclopaedia Brittanica.

FRP also criticized Henry鈥檚 record keeping: 鈥淭he company records, whilst expansive, were poorly maintained and incomplete.鈥�

Henry collapsed owing dozens of firms a total of more than 拢43m with eight firms each owed more than 拢1m.

In its latest update, filed at Companies House earlier this month, FRP said it expected former staff, owed 拢100,000 in unpaid wages and holiday pay, to be repaid in full, adding 鈥渢here may be sufficient funds available鈥� to make a payment to unsecured creditors.

In its last set of accounts, Henry Construction Projects 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.

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

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