Henry Construction administration extended for two years

Henry Construction Projects has had its administration extended for another two years.

It comes as administrators for the firm are taking legal action against both of its former directors, Mark Henry and John Noone, along with five of Henry’s family members, in a bid to recoup a total of £24.9m.

When Henry Construction Projects called in administrators on 8 June 2023 it owed £43m to suppliers but held only £290,000 in cash.

Construction News understands that administrators FRP have successfully applied for a two-year extension. Confirmation of the extension is expected to be posted on Companies House shortly.

London-headquartered Henry was ranked 41^st in the 2022 CN100 list of the UK’s biggest contractors with revenue of £402.2m and pre-tax profit of £14m in its most recent published accounts, covering the year to 30 June 2021.

When Henry Construction entered into administration, all of its 54 employees were made redundant.

Henry Construction Projects is a wholly owned subsidiary of Henry Group Holdings Ltd, which was incorporated in 2016 and solely owned by Mark Henry.

Henry Group Holdings Ltd went into liquidation on 18 August 2023.

Last week, Construction News revealed that joint administrators David Hudson and Geoffrey Rowley of FRP Advisory Trading Ltd had lodged a court bid to recoup £6.4m allegedly paid out from Henry Construction Projects to family members between 2021 and 2023.

In a separate claim, the administrators are seeking repayment of £18.5m they say was paid out to Mark Henry and his mother Elizabeth Henry via Henry Group Holdings Ltd.