FRP says amount it is chasing has topped 拢31m

The administrator of collapsed London high-rise builder Henry Construction Projects has revealed it is chasing 拢31m in claims against the firm and members of the Henry family.

In a filing made at Companies House, administrator FRP said it had begun proceedings to try and recover three tranches of money.

This includes a previously reported 拢10m dividend paid in January 2023 by Henry Construction to its parent Holding company.

henry 2

Henry sank into administration more than two years ago

In its latest update filed at Companies House this week, FRP said it had lodged a claim in March for a further 拢15.8m against a group of companies collectively known as the Keash Companies several of which list Henry family members as directors or former directors.

In this week鈥檚 update, FRP said: 鈥淭he heads of claim [against Keash] include debt claims, unjust enrichment and unconscionable receipt.鈥�

And in April, FRP lodged a claim for 拢5.5m against various members of the Henry family, adding: 鈥淒uring the course of the Administrators鈥� investigations, it became apparent that the Company had entered into various transactions for the personal benefit of members of the Henry family.鈥� FRP said these included 拢2m towards settling a personal tax bill with HMRC.

Last month, FRP said the administration has been extended until June 2027 and in its latest update added: 鈥淕iven the nature of the Company, its size and complexity, the numerous ongoing and lengthy workstreams required, there was a need to extend the administration beyond the initial 12-month term.鈥�

In previous updates, FRP said it took four months to download the firm鈥檚 electronic records and criticised Henry鈥檚 record keeping. It added the firm had 鈥渘umerous bank accounts鈥�.

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

Topics