Henry collapse drops bomb in bonding market

The collapse of Henry Construction has triggered a serious bonding crunch for contractors.
Some bond providers are warning firms will now find it much more difficult and costly to raise bonds as a result of the fallout.
Surety capacity is being constrained as providers seek to manage risk, and brokers now warn that contractors with tight headroom on balance sheets could be refused bonding.
Henry Construction is believed to have had over £150m of bonds “live” at the time of it e