M&E specialist HE Simm files administration noticeEngineering services specialist HE Simm & Son has filed a notice of intention to appoint an administrator.
The family run M&E firm has been in business since 1948 and is in based in Liverpool with offices in London and Manchester.
Latest results for the company for the extended accounting period of 17 months to December 31 2023 show a turnover of…
Go-ahead for £500m London beds and sheds docks schemeDeveloper Regal has secured unanimous planning approval for a £500m mixed-use development at Orchard Wharf in London Docklands.
The scheme next to the mouth of the River Lea on the northbank of the Thames will comprise a safeguarded wharf and logistic centre, over 200 affordable flats and accommodation for around 1,400 students.
These will b…
Homes England and Vistry launch £150m housing JVPartnership homes developer Vistry Group has teamed up with Homes England to create a long-term joint venture aimed at accelerating large-scale housing delivery across England.
The new vehicle, named Hestia, is backed by £150m from both partners and will target strategic sites ranging from 400 to 3,000 homes.
Vistry said that by co-investing wit…
New era begins at Balfour as Leo Quinn hands over reinsPhilip Hoare takes over as Balfour Beatty Group Chief Executive today as Leo Quinn steps down from his role after more than 10 years.
Balfour announced the move earlier this year with today the day that a new era begins at the contractor.
Hoare was previously Chief Operating Officer at consultant AtkinsRéalis.
In his new role Hoare w…
Network Plus margin climbs to 7.4% on utilities boomPrivate equity-backed utility and infrastructure contractor Network Plus Services has pushed margins higher on the back of rising energy and water workloads.
Adjusted EBITDA jumped 20% to £43m in the year to 30 March 2025, lifting margins from 6.8% to 7.4%.
But onerous contract and restructuring charges impacted the bottom line with pre-tax…
Statom buys piling specialist Franki FoundationsConcrete frame contractor Statom Group has acquired piling specialist Franki Foundations UK.
Franki Foundations is on course for a £40m turnover this year and has been operating in the market for more than 20 years.
The piling specialist has built a strong reputation for delivering complex foundation packages across the UK.
Its services includ…
Strabag storms contracts league with £3bn HARP winStrabag was catapulted to the top of the August contracts league after receiving final sign off for its 110km Haweswater aqueduct upgrade in the North West for United Utilities.
The blockbusting contract secured by special purpose company Cascade Infrastructure is the UK’s first major water scheme procured under Ofwat’s Direct Procurement for…
FM Conway spills 15 tonnes of bitumen into ThamesThe Port of London Authority is overseeing a major clean-up operation after FM Conway released tonnes of bitumen into the River Thames.
More than 15 tonnes of the road building material has already been removed from the water after the spill last month.
The incident happened at FM Conway’s bitumen storage facility at Imperial Wharf in Gravesend…
Another bad month for construction buyersConstruction buyers reported another fall in indusry activity in August – the eighth month in a row workloads have dropped.
But the bellwether S&P Global UK Construction Purchasing Managers’ Index showed a slowdown in the decline registering 45.5 in August, up from 44.3 in July but still well below the neutral 50.0 value.
A slower reduction in…
Thames Water to start £840m major projects framework raceThames Water is preparing to launch a nine-year Major Projects Framework worth up to £840m to deliver some of the biggest schemes in its AMP8 capital programme.
The framework will be used to deliver large-scale construction and engineering works across London and the South East, including critical asset upgrades, new infrastructure and…