Construction news

• Cladding panel maker goes down

  25-09-2024 14:54 via constructionenquirer.com
  
  Cladding designer and manufacturer PSP Architectural Ltd has gone into administration alongside sister firms PSP Aluminium Ltd and Pressed Steel Products Limited.
  The failure of the County Durham based group has led to 84 redundancies.
  James Lumb and James Clark of Interpath are now in charge of the business and are actively seeking buyers.Architectural and Aluminium operated as manufacturers to the construction sector from neighbouring sites in County Durham. The former supplied facades and cla
  
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• Plan to convert 1960s multi-storey car park into 100 flats

  27-09-2024 09:06 via constructionenquirer.com
  
  Radical plans to transform a 1960s brutalist multi-storey car park into over 100 flats have been lodged with Newcastle-Under-Lyme Borough Council.
  Developer Capital&Centric aim to transform Midway car park into one-to-three bed flats with social hub, gym, mini-cine and lounge space.
  Developer aims to give brutalist concrete structures in prime town centre spots a new lease of life while saving embodied carbon within them
  The proposed neighbourhood is the first of three sites being brought fo
  
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• Bid race starts for £2.6bn NHS modular buildings framework

  27-09-2024 08:47 via constructionenquirer.com
  
  Twenty modular specialists face a fight to retain places on the Government’s next-generation modular building framework for schools and healthcare jobs.
  NHS Shared Business Services has today invited bids for the new framework due to come into force next summer.
  Since the existing framework was launched 9 firms have dropped out or collapsed from the original 29 companies selected.The rebooted framework has been expanded to cover new sectors, raising by £1bn the expected workload over
  
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• Trio land £540m Southern Water sewer deal

  27-09-2024 08:33 via constructionenquirer.com
  
  Southern Water has awarded contracts worth up to £540m to three companies to boost its wastewater network performance.
  The winning contractors will be responsible for delivering essential frontline sewer services from responding to emergency calls to rehabilitating existing sewers.
  Work will be carried out across four lots.Maintenance and manholes workstreams will be the responsibility of Lanes Group, while Cappagh Browne will deliver on sewer rehabilitation projects, and McAllister Bros o
  
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• GMI promotes from within to replace departed chief

  27-09-2024 08:18 via constructionenquirer.com
  
  GMI Construction Group has promoted Gareth Jones to Group Managing Director.
  The move follows the imminent departure of former chief executive Lee Powell to Henry Boot Construction where he takes-up his new role in January.
  Jones has been promoted from Divisional Managing Director for the Midlands, where he has played a fundamental role in the establishment of GMI’s presence in the region.He will be transitioning into the group role during the last quarter of this year and will lead the bu
  
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• William Hare returns to profit as revenue tops £300m

  27-09-2024 07:53 via constructionenquirer.com
  
  The country’s second biggest constructional steelwork contractor William Hare has returned to profit after revenue jumped 27% to £316m.
  The uplift in work helped to generate a £5.8m pre-tax profit in the year to December 2023 recovering from a £850,000 loss in the prior year.
  The improvement, which saw EBITDA rise to £9.8m (2022: £3.4m), saw average group margin double to 3.1%.Hare, which also operates in the United Arab Emirates, India and Europe, employs ove
  
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• HG Construction wins £68m Old Kent Road resi towers

  26-09-2024 14:29 via constructionenquirer.com
  
  Developer Avanton has selected HG Construction as main contractor for a £68m deal to build a residential scheme on the Old Kent Road in south London.
  Work will start imminently on the 262-unit development, named ‘THE BeCa’ which has a project GDV of £160m.
  The former Carpetright warehouse site at 651 Old Kent Road will feature two towers reaching 10 and 19 storeys high designed by architects Farrells.The development will also offer over 10,000 ft of retail space with Sain
  
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• Blackstone to invest £10bn in North East datacentre

  26-09-2024 08:35 via constructionenquirer.com
  
  Investment giant Blackstone has confirmed plans to pump £10bn into Europe’s biggest AI data centre in in Blyth, Northumberland.
  Work at the the former proposed site of the doomed Britishvolt battery plant will create 1,200 construction jobs.
  Building work is expected to begin next year with Blackstone also investing £110m on improving transport infrastructure in the area.Jon Gray, President and Chief Operating Officer of Blackstone, said: “The UK is a top investment marke
  
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• Blackstone to invest £10bn in North East data centre

  26-09-2024 08:35 via constructionenquirer.com
  
  Investment giant Blackstone has confirmed plans to pump £10bn into Europe’s biggest AI data centre in in Blyth, Northumberland.
  Work at the the former proposed site of the doomed Britishvolt battery plant will create 1,200 construction jobs.
  Building work is expected to begin next year with Blackstone also investing £110m on improving transport infrastructure in the area.Jon Gray, President and Chief Operating Officer of Blackstone, said: “The UK is a top investment marke
  
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• Van Elle says ISG hit contained at under £100,000

  26-09-2024 08:27 via constructionenquirer.com
  
  Piling and ground engineering specialist Van Elle has revealed that the hit from the collapse of ISG is likely to be under £100,000.
  The firm will report its limited exposure to the fall-out at its annual general meeting today.
  Van Elle said that while market conditions in the first four months of the new financial year were challenging across all sectors, there were early signs of a recovery in the housing market. It said that increased enquiry levels and order intake would translate into
  
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• Byrne Bros looking to build on positive results

  26-09-2024 08:08 via constructionenquirer.com
  
  Concrete frame contractor Byrne Bros is predicting another good year after latest results revealed a healthy jump in turnover and profits.
  Results for the year to June 30 2024 for Byrne Bros. (Formwork) Ltd show turnover up to £85.3m from £64.6m last time as pre-tax profits increased to £4.2m from £2.8m.
  Philip Beausang, Managing Director, said: “The results demonstrate the strength and unity of our team who have worked tirelessly over the past year to position Byrn
  
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• GMI wins £60m Manchester boutique hotel

  26-09-2024 07:59 via constructionenquirer.com
  
  Contractor GMI will start work in the next few weeks on a £60m boutique hotel scheme near Manchester Airport after planners gave the project the green light.
  The 154-bedroom Dakota hotel will be located off Enterprise Way on a three-acre plot at Mix Manchester is expected to inject approximately £12m per annum to the local economy.
  Designed by KPP Architects, the new Dakota Hotel will also include a premium bar and brasserie.
  The 80,000 sq ft hotel will be the second in Manchester fo
  
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• C Spencer lifts profits as market activity recovers

  25-09-2024 10:58 via constructionenquirer.com
  
  Hull-based engineering contractor C Spencer has delivered increased turnover and profits and reported signs of a gathering recovery in market activity.
  The firm doubled pre-tax profit to £3m on the back of a modest 7% rise in revenue to £61m in the year ending 31st March 2024.
  The group’s bridge division, which was hived off as a separate company – Spencer Bridge Engineering – within the group in April last year, put in a very strong performance generating a £
  
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• Balfour Beatty acts to head-off ISG contagion in supply chain

  25-09-2024 08:41 via constructionenquirer.com
  
  Balfour Beatty is offering a lifeline to its supply chain subcontractors impacted by the collapse of ISG.
  The firm is aiming to stop any contagion from ISG’s collapse spreading to its own projects.
  The move to support cash-strapped subcontractors comes amid widening concern that scores of firms have been seriously hit.
  Already London-based building services specialist Phoenix ME has issued a statement reassuring its client and suppliers that it will be able to ride out the hit on its
  
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• Surveyor jailed for £1m National Trust building fraud

  25-09-2024 08:22 via constructionenquirer.com
  
  A building surveyor has been jailed for swindling the National Trust out of more than £1m through false invoices.
  Roger Bryant, 73, of Barnstaple, was convicted of 28 offences following a lengthy trial at Bristol Crown Court.
  His sons James Bryant, 49,and Scott Bryant, 38, were also found guilty of two charges in relation to them knowing – or at least suspecting – the money generated for their own companies by their father was the proceeds of crime.Roger Bryant was sentenced to
  
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• Canary Wharf Contractors break ground on Europe’s tallest lab

  25-09-2024 08:06 via constructionenquirer.com
  
  Construction of Europe’s tallest and most technically sophisticated commercial lab buildings jobs has started on site at Canary Wharf in London Docklands.
  Architects KPF designed One North Quay as a 23-storey ‘vertical science campus’ that will rank as Europe’s tallest purpose-built lab space.The 823,000 sq ft project is being delivered by principal contractor Canary Wharf Contractors, with specialist Kilnbridge on-board for the massive concrete package.
  This will consist
  
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• OCU snaps up water engineering design consultant

  25-09-2024 07:50 via constructionenquirer.com
  
  Expanding utilities infrastructure specialist OCU Group has bought design consultant Purestream.
  Based in London and the South East, Purestream is know for its expertise in water design and engineering, environmental process technology and equipment.
  The acquisition marks a further significant enhancement of OCU’s design and engineering capability, adding Purestream’s water design expertise to OCU’s existing industry-leading energy and wider utilities design expertise.Michael H
  
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• 100 jobs lost as ESS Modular goes into administration

  24-09-2024 11:18 via constructionenquirer.com
  Hull-based offsite specialist ESS Modular is now in administration with the loss of around 100 jobs.
  Tim Vance, Charles King and Andrew Dolliver of EY-Parthenon’s Turnaround & Restructuring Strategy have been appointed as Joint Administrators to trading company Extraspace Solutions (UK) Limited and its subsidiary Spatial Initiative Limited.
  The administrators said the companies have ceased to trade with immediate effect with the majority of the 100 staff made redundant.EY said the comp
  
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• Clegg Construction edges back into profit

  24-09-2024 09:12 via constructionenquirer.com
  
  Nottingham-based contractor Clegg Construction edged back into profit last year after sinking £3m into the red in the prior year.
  The employee-owned contractor said that strong trading through the year had been held back by completion of remaining fixed-price contracts secured in earlier years.
  These final challenging projects had a cost base from 2020 and included student accommodation, care and residential projects affected by market pressures throughout, including subcontractor failures
  
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• ESS Modular staff start looking for new jobs

  24-09-2024 08:30 via constructionenquirer.com
  ESS Modular staff are looking for new jobs with the offsite specialist understood to be heading for administration.
  Collapsed contractor ISG acquired a majority shareholding in ESS in early 2022 but sold it on later that year to parent company Cathexis.
  ESS staff took to LinkedIn on Monday looking for new jobs.One wrote: “Absolutely devastated to be posting this, but me and my amazing colleagues are looking for new roles with immediate effect.”
  ESS subsidiary Spatial Initiative is al
  
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• Beck Interiors collapsed owing £38m to trade creditors

  24-09-2024 08:18 via constructionenquirer.com
  
  The collapse of luxury fit-out specialist Beck Interiors will hit its trade creditors for nearly £38m.
  Details of the extent of the fit-out firm’s debt with subcontractors and suppliers have been revealed in a report from administrators Begbies Traynor.
  The fit-out firm went down with the loss of around 148 jobs at the end of July, mainly due to a contract dispute with a client causing £16m to be withheld.Around 70 other staff jobs were saved from the sale of two key London hot
  
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• Galliford Try wins £89m Aylesbury bypass job

  24-09-2024 08:14 via constructionenquirer.com
  
  Galliford Try has clinched an £89m order to complete the South East Aylesbury Link Road project on behalf of Buckinghamshire Council.
  The SEALR project will see the construction of 1.1 miles of dual carriageway including three new roundabout junctions, linking the A413 Wendover Road with the Stoke Mandeville Relief Road, and easing congestion in the centre of the town.
  Bill Hocking, chief executive of Galliford Try, said: “The local authority sector is a key focus for our Infrastruct
  
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• Former ISG chief joins fit-out firm Structure Tone

  23-09-2024 20:03 via constructionenquirer.com
  
  Former ISG chief executive Matt Blowers has joined fit-out contractor Structure Tone London as Joint Managing Director.
  Blowers left ISG in February after 26 years in the business.
  It is understood he struck a deal with Structure Tone bosses in New York earlier this summer but was on gardening leave from ISG until the New Year.That exclusion clause was invalidated with the collapse of ISG and Blowers now joins Structure Tone with immediate effect working closely with his fellow Joint Managing Di
  
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• Carey family confirm death of co-founder John Carey

  23-09-2024 16:11 via constructionenquirer.com
  
  Former Carey Group chairman and co-founder John Carey has died.
  The Carey family confirmed he died on Sunday morning aged 83.
  John Carey and his two brothers Tom and Pat started the firm in 1969 after moving to London from Ireland.The “three brothers and a van” started a groundworks contracting company called PJ Carey Plant Hire (Oval) Ltd which evolved into the current contracting group.
  A family statement said: “It is with great sadness we share that on Sunday morning, John C
  
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• ISG supply chain facing £700m+ hit

  23-09-2024 15:13 via constructionenquirer.com
  
  Final accounts posted by ISG before its collapse into administration show the company owed more than £700m to suppliers.
  The “trade and other” payables total for the year to December 31 2022 was £710.3m and is an indication of how much could be owed to creditors now the contractor has collapsed.
  The 2022 annual report showed a turnover of £2.18bn generating a pre-tax profit of £11.5m.Latest returns from submissions to the Government’s Duty to Report
  
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• ISG bonding losses contained at £60m

  23-09-2024 08:47 via constructionenquirer.com
  
  The fallout from the collapse of ISG in the bonding market is likely to be less severe than many firms feared.
  Sources say surety providers have managed to contain losses at around £60m.
  While its still represents a big hit for the bonding market after two already torrid years, the exposure is well below the £160m body blow suffered by bond providers when Henry Projects collapsed.It is also well below the level of bonding exposure at ISG two years ago, which stood at around £14
  
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• Winners named for Wessex Water £3.7bn AMP8 deal

  23-09-2024 08:45 via constructionenquirer.com
  
  Wessex Water has named the line-up of contractors and consultants it plans to use to deliver a £3.7bn capital investment framework for the AMP8 control period starting in April 2025.
  Kier secured spots on the three key contractor lots with Mott MacDonald Bentley and Galliford Try securing two lots each.
  The appointments will support Wessex Water in delivering its planned investment up to 2030 in a wide range of improvements for its 2.9 million customers across the South West of England, in
  
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• Funding green light for £96m Liverpool Baltic Station plan

  23-09-2024 08:07 via constructionenquirer.com
  
  Liverpool City Region Combined Authority has given the go-ahead for a £96m funding package to build the Liverpool Baltic station.
  The decision paves the way for a planning application to be submitted to Liverpool City Council in October.
  Pending approvals from the Department for Transport, construction would begin next year, with the Mayor pledging to have the station open by 2027.The investment will fund the new station, set to be located on Merseyrail’s Northern Line, alongside imp
  
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• Ernst & Young appointed administrator at ISG

  20-09-2024 16:43 via constructionenquirer.com
  
  Administrators from EY officially took control of ISG on Friday afternoon making 2,200 staff redundant.
  Timothy Graham Vance, Alan Michael Hudson and Dan Edkins of EY-Parthenon’s Turnaround & Restructuring Strategy have been appointed as Joint Administrators to eight UK trading entities of ISG – ISG Central Services Limited, ISG Interior Services Group UK Limited, ISG Fit Out Limited, ISG Engineering Services Limited, ISG UK Retail Limited, ISG Retail Limited, ISG Construction Li
  
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• 2,200 jobs go as administrator takes charge at ISG

  20-09-2024 16:43 via constructionenquirer.com
  
  Administrators from EY officially took control of ISG on Friday afternoon making 2,200 staff redundant.
  Timothy Graham Vance, Alan Michael Hudson and Dan Edkins of EY-Parthenon’s Turnaround & Restructuring Strategy have been appointed as Joint Administrators to eight UK trading entities of ISG – ISG Central Services Limited, ISG Interior Services Group UK Limited, ISG Fit Out Limited, ISG Engineering Services Limited, ISG UK Retail Limited, ISG Retail Limited, ISG Construction Li
  
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