Vistry issues profit warning over build out costs at southern divisionVistry has issued a profit warning after discovering that build costs on nine schemes at its southern division have been under-estimated by around 10%
This morning in a trading statement the firm said the impact was limited to nine schemes, including some large developments, out of 46 schemes being built by the southern…
ISG administrator tells subbies no funds to pay debtsAdministrators handling collapsed contractor ISG are warning subcontractors and suppliers there will be insufficient funds left to pay any of the cash owed to them.
In letters to trade creditors, administrator EY confirmed that no further work would be carried out during the administration on existing contracts, including projects for…
Giga factory powers McAlpine to top of contracts leagueSir Robert McAlpine powered its way to the top of September’s contracts league with a £500m deal to build a massive battery cell manufacturing facility in Somerset for Agratas.
This project is set to be one of the biggest of its kind and by the early 2030s will contribute almost half of the projected battery manufacturing capacity required…
Merit to build £30m modular NHS medicines centreLocal offsite specialist Merit has been appointed to design and fit-out a £30m NHS Medicines Manufacturing Centre in Northumberland.
The new centre will be hosted by Northumbria Healthcare NHS Foundation Trust at its Manufacturing & Innovation Hub in Seaton Delaval.
Works to manufacture the offsite components of the build have now begun in…
Buckingham supply chain hit soars above £300mAdministrators for collapsed contractor Buckingham Group have revealed the amount owed to its supply chain has now topped £300m.
When the firm went into administration in September 2023 there were 1,292 unsecured creditors with claims totalling £113m.
That figure was increased in a progress report from Grant Thornton in April to 1,375 claims…
Winners of £3bn London housing major works dealForty-eight firms have secured spots on the revamped London Construction Programme major works housing framework.
London’s Haringey Borough Council handled the procurement of the £3bn framework, which has been reshaped to allocate places for SME firms as well as bigger players in the market.
Among the big name winners are Graham, Kier, Higgins,…
BBC brickies firm went down owing £2m to suppliersA construction firm featured in a BBC series about young bricklayers went under owing nearly £2m to subcontractors and suppliers.
Hodgkinson Builders featured in the BBC Three docuseries Brickies which ran for two seasons from 2022/23 following the lives of young recruits at the Derby-based contractor.
The firm went into administration last…
Go-ahead for £125m Immingham Ro-Ro terminalThe Government has given Associated British Ports the go-ahead to build a large roll on roll off terminal at its port in Immingham on the Humber Estuary.
Transport Secretary Louise Haigh granted development consent paving the way for contractor Dragados to start work on the £125m eastern Ro-Ro Terminal plan next year.
Works are set to cover at least 46…
Network Rail reveals top suppliers spendNetwork Rail’s top suppliers were paid nearly £4.1bn last year – 42% of the infrastructure provider’s total spend with suppliers.
The rail infrastructure body raised spending among its leading suppliers by 7%, with major power supplier EDF continuing to rank as the biggest supplier followed by signalling and train control specialist Siemens Mobility…
New construction boss for Robertson North EastRobertson Construction has promoted commercial director Neil Kennedy to regional managing director for the North East.
Kennedy, a quantity surveyor by profession, has been with Robertson Construction for over 15 years, and his promotion comes following the retirement of Garry Hope who has been the managing director of Robertson Construction North East…