Suir Engineering swoops for Scottish M&E contractorPrivate equity-backed Suir Engineering has bought Scottish M&E contractor Taylor & Fraser as it sets its sights on becoming a UK top 10 specialist contractor.
Taylor & Fraser, headquartered in Paisley, has been operating as a family-run business for 118 years, now turning over around £38m to generate a £1.4m profit.
The firm will become a Suir…
Aggregates supply firm files administration noticeAshville Aggregates and Concrete has filed a notice of intention to appoint an administrator.
The materials supply and muck away specialist operates from a main yard near Heathrow Airport servicing sites across London and the South East.
The company has an extensive fleet of tippers, grab lorries and artics and has been in business sinc…
Plans in for 44-storey Manchester resi tower
Developer Glenbrook has submitted plans to build a 44-storey residential scheme in Manchester city centre.
The developer has confirmed it will now seek to appoint a contractor this year to deliver the 364 flats project, adjacent to Deansgate Train Station at Whitworth Street West.
Subject to planning approval, the developer aims to start work on t…
Adrian Speller joins brother as joint MD of Midlands builderRegional building contractor Speller Metcalfe has appointed Adrian Speller to the role of joint managing director.
Adrian, 42, has served as the Midlands firm’s technical director for several years. He has taken on the new role alongside his younger brother, current managing director, James Speller.
The appointment marks a natura…
Winner unveiled for £2.9bn aqueduct revampUnited Utilities has confirmed the STRABAG Equitix Consortium as preferred bidder to design, build, finance and maintain the replacement of six tunnel sections of the Haweswater Aqueduct.
The construction cost of the project has increased to £2.5-2.9bn from £1.75bn when the contract notice was first published in 2022.
The STRABAG Equitix Consortium…
Lendlease to sell UK construction arm to US private equity giantUS private equity firm Atlas has struck a deal to buy Lendlease’s UK construction business.
Under the terms of the agreement, Atlas will acquire Lendlease’s construction business and its operations including existing staff and the present leadership team, ensuring a seamless handover for clients and business partners.
Founded in…
HS2 set for “fundamental reset” to lower construction costsNew HS2 Chief Executive Mark Wild said the project is facing “a very serious situation” and is need of a “fundamental reset” in a bid to keep costs down to complete the rest of the route.
His comments came as a construction update revealed the majority of the deep tunnel drives and earthworks needed for the high-speed railway…
Staff stunned as engineering consultancy Clarkebond closesEngineering consultant Clarkebond (UK) Ltd has ceased trading just three months after being acquired by a rival.
Clarkebond has been in business for more than 75 years and was acquired by temporary works specialist Independent Design House Group (IDHG) in September.
But Clarkebond staff were stunned in the week before Christmas when t…
Vistry issues third profit warning in three monthsVistry has issued a third profit warning in three months warning that adjusted profit before tax for the year will be around £250m, some £50m below its previous guidance.
The partnerships house builder blamed delays to expected year-end transactions and completions for the shortfall.
In the firm’s year-end trading update, Greg Fitzgerald,…
Miller Homes buys St Modwen Homes for £215mMiller Homes has agreed a deal to buy rival St Modwen Homes for £215m, taking the house builder a step closer to realising its goal of delivering 6,000 homes a year.
The deal sees Miller Homes acquire 19 live sites containing around 3,500 plots and a further five strategic sites.
The acquisition will see Miller enter the South West for the first tim…