HMRC has received £500,000 from the administration of Readie Construction, far less than the more than £8m originally owed. The report also indicates that unsecured creditors, including a large subcontractor debt, are still expected to receive nothing, with administration costs and failed intercompany recoveries further reducing returns.
The Regulator of Social Housing has published its Q1 2026 quarterly survey of private registered providers, showing continued sector investment and strong spending on repairs, maintenance and development. The report also notes slower-than-forecast recovery in margins and interest cover, with RSH continuing to monitor liquidity, covenant risk and exposure through non-registered entities.
New research based on HMRC rental income statistics suggests that costs for unincorporated landlords have risen much faster than rental income over the past five years. The largest expense remains finance costs, with repairs and maintenance also a significant and growing burden, while the article argues that current tax treatment disadvantages individual landlords compared with company ownership.
HMRC data analysed by Hello Neighbour suggests that landlords’ allowable expenses have risen much faster than rental income over the past five years, with costs now consuming a larger share of receipts. The article highlights finance costs as the largest expense category and links rising outgoings to upcoming statutory obligations such as EPC C requirements and the future Decent Homes Standard.
The Property Care Association has launched a new membership route for contractors specialising in spray foam insulation removal, aiming to improve standards, auditing and consumer protection in a growing but largely unregulated sector. The move responds to concerns about poor installation, moisture-related defects, lender caution and the risk of scams targeting homeowners.
The article explains how the UK’s Steel Strategy and quota-based tariff measures may increase cost and programme uncertainty for construction projects that rely on imported steel. It argues that contractors and employers should address tariff exposure early through bespoke contractual risk allocation rather than relying on standard-form remedies after costs arise.
Devonshire Homes collapsed in June with £35.3m owed to unsecured trade creditors, and administrators do not expect any dividend to be paid to them. Only the secured lender, Lloyds, is likely to receive any recovery, while HMRC and former employees’ preferential claims are also unlikely to be repaid in full.
HM Land Registry has reported a significant milestone in digital conveyancing after 1,000 mortgage deeds were signed using qualified electronic signatures (QES) via Veyco’s Remortgage iQ platform. The article says the process has reduced the signing stage to under three minutes on average and is being used in remortgage transactions delivered by Your Conveyancer, with Nationwide Building Society among the early adopters.
Administrators have revealed the wider fallout from the collapse of Ardmore, with six firms going under in June and subcontractors across the group owed more than £23m. The article highlights the scale of unpaid liabilities affecting the supply chain and tax authorities following the insolvency event.
