7th Jul 2026 18:11
(Alliance News) - At least one bank has started a process to appoint debt specialists who will look over Henry Boot PLC's finances, Sky News reported on Tuesday afternoon.
Shares in Henry Boot, a Sheffield, England-based construction and property development firm, closed down 0.9% at 159.50 pence in London on Tuesday. Its market capitalisation is GBP214.6 million.
Citing a "source close to Henry Boot", Sky News said the company has held regular discussions with Barclays PLC, HSBC Holdings PLC and NatWest Group PLC, its three lending banks, and recently agreed an amendment to its secured loan facility.
The source also said the firm had strong liquidity and the flexibility to increase its borrowing facility by GBP60 million.
Previously, in early June, Sky News reported that lenders to housebuilder Crest Nicholson Holdings PLC had hired consulting firm Alvarez & Marsal Holdings LLC for advice on managing its finances.
However, Sky cited a source close to Crest as saying that the company was not in financial distress and still had headroom within its existing borrowing facilities.
By Emma Curzon, Alliance News reporter
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Related Shares:
Henry BootBarclaysHSBC HoldingsNatwestCrest Nicholson