Connaught have now officially collapsed

Connaught have called in KPMG to handle the administration of the company. KPMG are hoping that the majority of workers jobs can be transferred to other companies.

What does this mean for the future of Tower Hamlets Homes Major Works programme? Lets also hope that in this uncertain time that these workers manage to find work elsewhere. Reading between the lines though, it would seem this may be just the tip of the iceberg for these type of companies.

For all those interested in the history of scandals and state of this company and its downfall, I’ve assembled a few interesting links for you:

Using the word “Connaught” as a search in Inside Housing Magazines search engine brings every article up regarding the company in date order: “Connaught at Inside Housing Magazine”

Using the same search at the Telegraph: “Connaught at the Telegraph”

“Connaught at the Financial Times” including their financial analysis page including company reports

Connaught’s collapse: sign of the times? by Dan Corry

On another note; sorry to all of you that have been salivating at the thought of my latest articles, *wink, I’m sorry that I’ve not been writing anything, just had other stuff get in the way. I’ll try to pick up the pace again soon.

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Posted in Council, Tower Hamlets Homes