FRP says amount it is chasing has topped £31m
The administrator of collapsed London high-rise builder Henry Construction Projects has revealed it is chasing £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 £10m dividend paid in January 2023 by Henry Construction to its parent Holding company.
In its latest update filed at Companies House this week, FRP said it had lodged a claim in March for a further £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’s update, FRP said: “The heads of claim [against Keash] include debt claims, unjust enrichment and unconscionable receipt.”
And in April, FRP lodged a claim for £5.5m against various members of the Henry family, adding: “During the course of the Administrators’ investigations, it became apparent that the Company had entered into various transactions for the personal benefit of members of the Henry family.” FRP said these included £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: “Given 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.”
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”.
Henry collapsed in June 2023 owing dozens of firms a total of more than £43m with eight firms each owed more than £1m.
No comments yet