November 29, 2017

Troubled HOC sold in 'prepack' deal by administrator

Opus Restructuring was appointed as administrator on 13 June and the sale of HOC (UK) for £50,000 to Coppercast was made two days later, according to a creditors’ report seen by CN. A prepack is a mechanism to allow a company to be sold as a going concern. A sale

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Construction output fell in May as house-building slows again

Construction output in May 2016 is estimated to have decreased by 2.1% compared with April 2016. Latest estimates from the Office for National Satistics say that both all new work and repair and maintenance decreased in May 2016, falling by 2.6% and 1.4% respectively. Year-on-year, construction output decreased by 1.9%

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How to Value a Residential Property

Homeowners commission valuations of their property for various purposes, from sale, to taxation, to matrimonial separation. Estate agents will offer free property surveys and valuations and that is often the first port of call for homeowners in such situations. However, the standards adhered to in producing these ‘valuations’ can be

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Latest Issue
Issue 322 : Nov 2024

November 29, 2017

Air Humidifier Market size worth $1.31 billion by 2023: Global Market Insights, Inc.

Air Humidifier Market size was over USD 850 million in 2015, and is anticipated to grow at 5.2% CAGR from 2016 to 2023 to exceed USD 1.3 billion by 2023. Air Humidifier Market size is expected to reach USD 1.31 billion by 2023; according to a new research report by Global Market Insights, Inc.  Browse key industry insights spread across 136 pages with 96 market data tables & 69 figures & charts from the report, “Air Humidifier Market Size By Product (Warm-Mist, Ultrasonic, Cool-Mist), By Technology (Portable, Whole-House), By Application (Commercial, Residential, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Russia, Japan, China, South Korea, Mexico, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:https://www.gminsights.com/industry-analysis/air-humidifier-market Air humidifiers help in reducing static electricity effectively which represents the foremost issue for computer storage devices, compact discs and other electronic devices. For instance, a computer microchip requires 10 volts of static discharge to be damaged. However, compact discs can be destroyed if a static discharge is passed through the disc resulting in irreplaceable loss. Other minor complication related to static discharge includes paper jam in copiers as well as printers, unmanageable hair and dust attraction to TV and computer screens.   These devices are mostly deployed in the industrial sector in order to ensure efficient and effective humidity, along with high compliance with the standards in force. Optimized energy consumption accompanied by low operational cost is also likely to drive demand in process data centers, hospitals and operation theatres. Furthermore, ease of usability and simplified installation is projected to drive air humidifier market size over the next seven years. Superior air quality and substantial sanitization offered by these systems will favorably impact consumption.  Buy this research report @ https://www.gminsights.com/securecheckout/payment/620 These devices also help in prevention of biological contaminants as they maintain humidity levels between 40% R.H. and 60% R.H. This in turn is likely to make hospitals a safer place for staff & visitors while protecting patient health at the same time. High maintenance & health concerns are expected to hamper demand over the forecast period. These systems may cause health problems if not cleaned persistently or left unattended. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/620 Key insights from the report include: Warm-mist air humidifier market share accounted for over 45% of the revenue in 2015. Features offered such as low maintenance and quiet operation are expected to drive ultrasonic segment growth through 2023.  Portable air humidifier market share was over 85% in 2015, and is forecast to continue its dominance over the forecast period. High mobility and convenience offered by these devices is anticipated to fuel demand over the next seven years. Reduced maintenance expenditure and power consumption will drive growth across the whole-house systems segment.  Industrial sector is estimated to exceed USD 500 million by 2023, growing at 5.5% CAGR from 2016 to 2023. Swift adoption of these devices in numerous sectors such as manufacturing, hospitals, operation theaters and process data centers is anticipated to justify growth prospects through 2023. Residential sector accounted for over 45% of the overall industry share in 2015, and is forecast to continue its dominance from 2016 to 2023.  Europe air humidifier market size is projected to grow at 5.0% CAGR from 2016 to 2023. Presence of colder climatic conditions are likely to drive regional growth in the coming years.  Key participants in the air humidifier market include Carrier, Boneco, Armstrong International, Carel Industries and DriSteem. Other industry players are Winix, Neptronic, Honeywell, Nortec Humidity, Stadler Form, Vornado Air, Procter & Gamble, and Philips.  Global Market Insights has segmented the air humidifier industry on the basis of product, application, technology and region: Air Humidifier Product Analysis (Revenue, USD Million, 2012 – 2023) Warm-mist Ultrasonic Cool-mist Air Humidifier Application Analysis (Revenue, USD Million, 2012 – 2023) Commercial Residential Industrial Air Humidifier Technology Analysis (Revenue, USD Million, 2012 – 2023) Air Humidifier Regional Analysis (Revenue, USD Million, 2012 – 2023) North America Europe Asia Pacific Latin America MEA Saudi Arabia UAE South Africa  Browse Related Reports: Read our insightful industry blogs About Global Market Insights:Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us:Jack DavisCorporate Sales, USAGlobal Market Insights, Inc.Phone: 1-302-846-7766Toll Free: 1 888-689-0688Email: sales@gminsights.comWeb: https://www.gminsights.comSource: Global Market Insights, Inc.  Source link

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Troubled HOC sold in 'prepack' deal by administrator

Opus Restructuring was appointed as administrator on 13 June and the sale of HOC (UK) for £50,000 to Coppercast was made two days later, according to a creditors’ report seen by CN. A prepack is a mechanism to allow a company to be sold as a going concern. A sale is agreed in advance of entering administration and conducted by the administrator. An Opus spokesman said Coppercast was negotiating with HOC’s clients on continuing the contracts and “if a supplier is crucial to finishing the work they would be in a better position” than other creditors, who would find it hard to recover money owed. It would be up to clients whether to use Coppercast or another contractor to complete ongoing HOC projects, he added. Opus’s report explained that Coppercast’s director Gary Ellis is also a director and shareholder of GMSL, in turn the shareholder of HOC (UK)’s parent the HOC Group. The spokesman said: “There is a connection but this is not a ‘phoenix’ company, it has not been sold back to the directors.” Mr Ellis could not be contacted. HOC was formed in 2010 by Hugh O’Connor and is described on its website as “a leading independent specialist design and build contractor delivering high-quality results through lean construction”. The Opus report showed that HOC’s turnover had increased sharply from £4m in 2010 to £24m in 2014 then more than trebling to £76m in 2015. It said around 18 months ago the then directors engaged a team to manage the business’s expansion. The report said that according to Martin Boulton, who became an HOC director in May 2016, the company appeared to have been “burdened” with “excessive overheads and fees” as its turnover increased. Mr Boulton had found the financial viability of all the firm’s prospects “increasingly precarious”, it noted. Lender Belvedere Security issued a winding-up order in late May, and between April and June the company was served with 13 statutory demands totalling just over £1m, the report said, adding that administrators have made 61 employees redundant. HOC’s website stated that in March the company won a £20m residential development at Pages Walk, Bermondsey for O’Callaghan Developments and a £25m job to redevelop the Bedford House and Canterbury House office buildings in Croydon into residential units for developer Criterion Capital. It is also shown as working on a seven-storey Westin hotel in the City of London, due for completion next year.     Source link

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Construction output fell in May as house-building slows again

Construction output in May 2016 is estimated to have decreased by 2.1% compared with April 2016. Latest estimates from the Office for National Satistics say that both all new work and repair and maintenance decreased in May 2016, falling by 2.6% and 1.4% respectively. Year-on-year, construction output decreased by 1.9% in May 2016 compared with May 2015 In the three months March to May 2016, construction output decreased by 2.1% compared with the previous three months and by 1.7% compared with the same period of 2015. The main contribution to May’s decrease came from private new housing, which – amid the uncertainty of the run-up to the EU referendum – was down 3.2% compared with April. New housing has now slowed in every month of 2016 except February. Infrastructure continues to be volatile, with periods of expansion and contraction throughout the time series. In May 2016 there was an increase of 0.6% which is the first month-on-month increase since December 2015. On the year there was a fall of 10.3%, which is the fifth consecutive month of year-on-year decreases.     Further Images This article was published on 15 Jul 2016 (last updated on 15 Jul 2016). Source link

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How to Value a Residential Property

Homeowners commission valuations of their property for various purposes, from sale, to taxation, to matrimonial separation. Estate agents will offer free property surveys and valuations and that is often the first port of call for homeowners in such situations. However, the standards adhered to in producing these ‘valuations’ can be quite loose, and this may lead to difficulties.  An estate agent’s valuation is technically no more than a recommended asking price, and will typically be produced quite quickly (sometimes, during the course of walking around the property). While a good agent will be familiar with the local market a more in-depth analysis in often required in order to produce an accurate valuation. At worst, agents can be tempted to purposefully inflate their valuations in order to induce the vendor to instruct them to sell the property. Getting an accurate valuation can be very important – if a property is overvalued, the owner might pay too much in tax, for example. If it is undervalued, it might be sold for less than it is worth. Qualified valuers registered with the Royal Institute of Chartered Surveyors (RICS) work to much tighter standards. The RICS provides regulations with which its member valuers must comply, including minimum standards for the way valuations are undertaken. When producing a valuation, and RICS member will consider, amongst other matters, the type and age of the property, its accommodation, its location and situation and the condition of the property alongside tenure tenancies and service charges. In producing their valuation, the valuer will collate and consider evidence in the form of comparable sales. Comparable sales are other properties which have been sold in the relatively recent past in the local area which are similar, to a greater or lesser extent, to the property being valued. Valuing property is more complicated than valuing other more liquid assets, such as stock, shares, currencies or bonds, because there is no centralised marketplace, and unlike most other assets, properties are heterogeneous (no two are the same). Consequently, the valuer will need to consider the circumstances of each individual comparable sale, and make adjustments to the sale price to account for differences between the comparables and the property being valued. Ideally the comparables will be very similar to the subject property, but in some cases, particularly when the property in question is unusual, or where the market is slow and there is a lack of evidence, the comparables might be quite different from the subject property. In such cases the valuation process will be as much art as science, with the valuer relying on his own expertise and market knowledge to arrive at an appropriate figure. There are numerous approaches to making adjustments to comparable evidence, but they will all involve either quantitative adjustments (such as making adjustments for size with reference to a price per square foot), or qualitative adjustments (such as making a broader adjustment to price to account for an aspect such as a view). When making quantitative adjustments the valuer must be cautious of taking a purely mathematical approach which does not reflect the realties of the marketplace. When making qualitative adjustments the valuer must be wary of the perils and potential inaccuracies that can result from taking an entirely subjective non-evidence based approach. Typically, the valuer will set out his analysis in a matrix. In the following example, the valuer has made quantitative adjustments for size on a price per square foot basis, and house price inflation with reference to the Land Registry House Price Index. Additionally, the valuer has made a qualitative ‘lump sum’ adjustment of plus 5% to two of the comparables on account of their poorer location. After making his adjustments the valuer arrives at an average value of £525 per square foot, which he can apply to his measurement of the subject property in order to arrive at the valuation. Valuation is a specialist area of practice, and can be complicated. Whilst estate agent’s valuations have their uses (primarily as guidance for those thinking of selling), if an accurate figure is required, for purposes such as taxation, or matrimonial separations a qualified valuer who is a member of the RICS should be employed.

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