ISG collapse brings down glazing contractorAdministrators called-in at Vitrine Systems Limited have blamed the collapse of ISG for the demise of the architectural and structural glazing specialist.
Experts from business advisory firm Quantuma said Surrey-based Vitrine Systems “entered administration as part of the fallout from the ISG administration.”
They added: “This resulted in a larg…
JRL close to deal on sale of stake to Far Eastern buyerDiversified construction group JRL is close to striking a deal to sell a stake in the £826m turnover business.
Talks with a Far Eastern property and construction group are described as being ‘very advanced’.
The deal will strengthen JRL’s balance sheet and boost liquidity while opening the opportunity to take forward schemes for t…
Groundworks firm Corbyn files administration noticeLondon based groundworks and concrete frame specialist Corbyn Construction has filed a notice of intention to appoint an administrator.
Corbyn has been in business since 1989 undertaking projects up to £30m across the capital.
Latest accounts for the company for the year to June 30 2023 show a turnover of £32.8m generating a pre-tax profit of…
Vistry takes another £50m hit on build cost blundersVistry has issued another £50m profit warning after discovering more under-estimated build costs at its southern division.
The house builder issued a £115m profit warning last month after problems first came to light on nine schemes in the region.
Vistry launched a review across the whole business and issued another Stock Exchange statement…
United Utilities hunts for ground investigation specialistsUnited Utilities has opened bidding for a £170m framework to deliver a programme of ground investigation work.
Selected firms will support a programme of works for the AMP8 and AMP9 regulatory periods.
The framework covering the north west region is being split into several specialist lots with the typical ground investigation call-off…
Watkin Jones go-ahead for Leeds co-living projectWatkin Jones has got the go-ahead from that Leeds City Council to convert and re-purpose an old office building into 230 co-living homes.
Built in the 1950s, Headrow House was most recently a HQ for Direct Line in the centre of Leeds.
When completed in 2028, the 190,000 sq ft project will deliver a supported communal living environment, offering…
WSP names new chief for UK and IrelandConsultant WSP has promoted Paul Reilly to become president and managing director for the UK and Ireland business in January.
Reilley joined WSP as deputy CEO – UK & Ireland, two and half years ago from Stanec UK where he was managing director for infrastructure and buildings.
Before that he spent 14 years of his career at Peter Brett Associates.
In his…
£125m cash injection for infrastructure at Barking RiversideHomes England has approved a £124m funding package to unlock more homes to deliver vital infrastructure at Barking Riverside in east London.
The vast 443-acre brownfield site formerly occupied by Barking Power Station, is one of the country’s most ambitious placemaking projects with the aim to build 20,000 homes.
The vita…
Management buyout at joinery specialist TMJ InteriorsIpswich based Taylor Made Joinery Interiors Limited has completed a management buyout.
The joinery specialist was established by James Taylor in 1981 and employs a workforce of more than 200.
Taylor said: “After building TMJ for the past four decades, I am pleased the company legacy will continue.
“This is an exciting opportunity for t…
Guinness Partnership starts race for £1bn housing dealThe Guinness Partnership has opened bidding for a £1bn housing upgrade and repairs framework covering homes across the country.
The 15-year framework deal has been split into five regional lots to deliver an extensive planned programme of works.
Appointed contractors in each of the regions will be required to carry out planned investment…