Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

01Oct92 UK: GRANT THORNTON ATTACKS LATE CONSTRUCTION PAYERS.

The receiver in control of troubled mechanical and electrical contractor Norstead has blasted big builders which withhold payment to subcontractors.Ian Turner, of accountant Grant Thornton, blamed late payment for the demise of Norstead, which has put at risk the livelihoods of its 200 staff.And he specifically pointed to the money Norstead was owed by Bovis for work on Canary Wharf. In June Norstead issued a writ for about £4 million.He said: 'The problems Norstead faced in obtaining ...

Subscribe now for unlimited access and receive...

  • The latest client and contractor news
  • Interviews with industry leaders
  • Insight into contractors’ strategies, performance and contract activity
  • Market data, industry trends and forecasts
  • Technical reports on innovation and best practice techniques

Register for guest access and receive...

  • One free article per month
  • Breaking and Daily News alerts straight to your inbox
  • Expert opinion and Editor's Comment articles
  • CN Briefings on the day's talking points
  • Picture galleries showcasing the biggest projects

Already a subscriber? Click here to sign in

Print subscriber? Activate your digital account here