London

A London-based residential developer has secured its survival after a pre-pack administration deal by its owner.  Sheen Lane Developments called in administrators from Quantuma on 1 April after issues first emerged last year. The firm appointed receivers last May for three special purpose vehicles (SPVs) which each held a contract for different development projects, Quantuma

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A London borough has alerted contractors to a decade-long partnership deal to deliver a pipeline of schemes. Lewisham Council published a prior information notice that signalled its intention to go to the market formally in February. The local authority said on 13 December it wanted to form a partnership for up to 10 years with

A year ago, Kate Moss had never pitched herself for a job—why would she?—until longtime friend and co-conspirator Katy England persuaded the super to offer up her archive as the inspiration for a Zara collection. One rather professional PDF—with thanks to England’s son Wolf—later, and the pair landed the gig. Fast forward to November 27

A contractor that turned over £40m five years ago has made an application for administration, while one of its sister companies has entered liquidation. Construction News revealed in February that Henley Construct, a residential builder headquartered in Battersea, south-west London, had placed most of its staff on unpaid leave citing issues including Brexit, Covid-19 and

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It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for their

A London council has said it remains “committed” to building a major new leisure centre, but is revising its plans after the estimated construction cost doubled to nearly £80m.  Kingston Council said the new town centre facility will still go ahead but that it cannot commit to a timeframe, as it takes stock of plans