Business better than expected at bullish Galliford TryGalliford Try issued a bullish trading statement to the City this morning with the business performing better than the board and analyst’s expectations.
The contractor is on course to post pre-tax profit of around £35m for the year to June 30 2025 on turnover of £1.8bn.
The company said: “The Group is performing well, winning a number of…
Refurb contractor went down owing supply chain £9.5mSuffolk based refurbishment contractor Troy Central Ltd owed suppliers and subcontractors £9.5m when it went into administration last November.
The scale of the company’s debts has been revealed by administrator Grant Thornton.
An update at Companies House details 327 unsecured creditors owed a total of £9.56m.
The firm specialised in t…
Morgan Sindall starts £90m Cambridge mixed-use jobMorgan Sindall Construction has finally started work on a £90m contract to build a mixed-use scheme in Cambridge more than two years after it gained planning.
The Mill Yard project, formerly known as Devonshire Gardens, is being developed by Railpen, manager of the £34bn railways pension fund, and its development partner Socius.
This landmark…
Cardo breaks into Scotland with fifth acquisitionGrowing building maintenance specialist Cardo Group has gained a foothold in Scotland with the acquisition of energy services contractor HeatCare Oil and Gas.
Established in 2000, HeatCare employs around 80 staff. It started out as a reactive gas maintenance repairs firm expanding into wider trades delivering plumbing, electrical work, joinery,…
Tilbury Douglas bags major Barbican Centre M&E upgradeTilbury Douglas has secured the first phase of a major long-term M&E upgrade to the famous Barbican Arts Centre in London.
The first phase works contract will be worth £22.5m, while the full programme of planned works is expected to rise to £185m over a decade of improvements to the grade II listed complex.
The Corporation of London’s…
Former Keltbray site managers stand trial over contract “bribes”Three former site managers at Keltbray were paid hundreds of thousands of pounds in bribes linked to construction projects including Battersea Power Station, a court has heard.
Details were revealed at the opening of a trial at Southwark Crown Court last week which is expected to last until mid-February.
The Keltbray managers…
Trio of tech giants unveil £14bn AI data centre hub building plansThe boom in data centre building work will be further fuelled by another wave of planned projects worth £14bn.
Latest plans revealed by three big tech companies will take the total committed investment in AI and data centre infrastructure over the next five to 10 years to a staggering £39bn.
The fresh tranche of planned…
Crest Nicholson delays results over £250m fire safety provisionCrest Nicholson is pushing-back publication of its latest results following a request from its auditors for more time to confirm historic building fire safety costs.
The delay is for “additional time to complete standard procedures and audit the appropriateness of the fire remediation provision.”
Crest Nicholson will now publis…
Bid race for £55m London leisure centre and homesThe London Borough of Tower Hamlets is advancing plans to build a new leisure centre and associated block of flats.
The plan forms part of the council leader’s anti-austerity drive to build new housing and improve services.
Now it is on the hunt for a contractor to demolish the existing St George’s swimming pool building in Shadwell to mak…
Winners revealed as NHS plans to spend £500m on decarbonisationWinners have been confirmed for a £500m framework to help the NHS decarbonise its buildings.
The NHS is aiming to become the “world’s first net zero national health service”, reaching net zero by 2040 for emissions the NHS controls directly.
Work covered under the four-year agreement includes internal and external wa…