Mace sells consulting business to Goldman SachsMace has sold its consulting business to Goldman Sachs leaving the construction arm as a standalone operation.
Latest group results for the the year to December 31 2024 revealed that the consulting arm was the main profit driver as a problem job blew a hole in the books of the construction division.
The “carve-out” of Mace Consult will s…
Van Elle profits slump as Canadian arm racks up lossesVan Elle saw profits tumble last year after a tough market and losses at its Canadian business dragged down group performance.
The UK’s largest ground engineering specialist posted a pre-tax profit of £4.6m from continuing operations, down from £7.1m last time. Including discontinued operations, total pre-tax profit fell to £3m — nearly…
Funding deal ignites £1.9bn Birmingham Smithfield rebuildA £173m grant has been approved to kick-start construction on Birmingham’s £1.9bn Smithfield city centre revamp.
The Enterprise Zone Partnership Board and Birmingham City Council have signed off the outline business case, unlocking public funding to get the project moving.
The cash will be released in stages as full business cases ar…
Dalkia Engineering rebounds from £14m loss to post profitM&E contractor Dalkia Engineering has bounced back into the black with a £3.2m pre-tax profit in 2024 after plunging to a £14.3m loss the previous year.
Turnover surged 30% to £228m as the business benefitted from public sector energy retrofit work, fuelled by government-backed decarbonisation schemes and group-wide synergies from its…
Thomas Sinden targets £100m turnoverLondon and the South East main contractor Thomas Sinden Limited is targeting 4-5% margins on a £100m turnover after posting another strong set of results.
The Essex based firm saw revenue rise to £65.2m for the year to March 31 2025 from £38m last time as pre-tax profits increased to £2.07m from £839,000.
Cash at year-end also more than doubled to £10.2m…
Kier lands £139m Severn Trent job as water work ramps upKier has bagged a £139m deal to overhaul Severn Trent’s Wanlip Sewage Treatment Works in Leicestershire, marking another major win in the water sector ahead of AMP8.
The upgrade will boost the site’s capacity by nearly a quarter to serve 750,000 people, with tighter environmental standards and better water quality at the heart of t…
Unite hotel builder arranged football flights for ex-union bossThe contractor who allegedly overcharged Unite by £30m to build a new hotel and conference centre arranged flights and football tickets for the union’s former General Secretary Len McCluskey, according to an internal report.
A Unite investigation led by construction lawyer Martin Bowdery KC into the controversial scheme in…
Wernick investment hits £300m in last five yearsThe Wernick Group has invested more than £300 million since 2020 with annual capital expenditure in 2024 alone hitting a record £96m.
The money has been spent across multiple areas of the business, including the expansion of the hire fleet for accommodation and power, significant property developments, new plant and machinery, vehicles, and t…
TCC helps restart stalled student schemeBirmingham-based The Construction Consultants (TCC) has been appointed to support the £3.3m Victoria Street student accommodation scheme in Wolverhampton which will provide 63 self-contained one-bedroom units.
The development, close to Wolverhampton University, will also provide ground floor retail space. Each unit will include a kitchenette as well as…
Sizewell C go-ahead as funding deal signed at £38bnThe government has officially given the green light to build Sizewell C after signing off a final investment deal based on a £38bn construction cost.
Energy secretary Ed Miliband has signed the final investment decision, ending more than a decade of delays and securing a landmark project expected to power six million homes and support 10,000…