Business
Grant Prior
4 hours ago
South London residential contractor Henley Originate has filed a notice of procedure to nominate an administrator.
Alarmed suppliers were watching the firm closely since its sister company went into liquidation earlier this month.
Clever Steel Solutions went down owing suppliers £1.4m while a file from 360 Insolvency acknowledged the company “relied to a big extent on supplying structural steel for projects being carried out by Henley Originate Restricted.”
Henley Originate – which had a turnover of £21m in 2021 – and Clever Steel Solutions part the the same directors – Kashif Zafir Usmani and Tariq Zafir Usmani.