Breyer Group files administration noticeSouth East housing maintenance contractor Breyer Group has filed a notice of appointment of an administrator.
The move comes after weeks of mounting pressure from its subcontractors seeking to get paid.
Breyer had battled against a flurry of winding up petitions in recent weeks as concern spread about £80m main contractor’s survival.
Presently Breyer…
Former Severfield director takes helm at Embrace SteelExpanding structural steel specialist Embrace Steel has appointed former Severfield director Martin Kelly as its new group chief executive.
He will lead the steelwork contractor through a new phase of growth, targetting over £100m revenue.
Kelly’s appointment now completes the leadership team at Embrace after the appointments of Ross McAdam…
£302m upgrade funding awarded to FE colleges – listThe Government has set out the latest £302m funding to improve FE colleges across England.
The funding to fix leaky roofs, broken windows and dilapidated buildings is the first condition allocation for FE colleges in two years,
Large college groups such as NCG and Capital City College will receive more than £7m each.
Colleges in Greater…
FK Facades thrives but construction arm hit by ISG rowBuilding envelope specialist FK Group has posted healthy results at its core facades and building safety divisions but the company bottom line was hit by a long-running dispute with ISG at its construction arm.
Group turnover was £100.6m for the year to March 31 2024 from £131.4m last time generating a pre-tax loss of £5.9m from £614,000…
Galliford Try gets go-ahead for Milton Keynes PRS towerGalliford Try’s Investments business has gained planning for a landmark 33-storey private rental tower block in central Milton Keynes.
The project at 599 Grafton Gate project will provide around 300 flats close to Milton Keynes Central railway station.
Galliford Try will now be developing the design information necessary to obtain a…
Small house builders get £150m funding for green homesHomes England has joined forced with lender Octopus Real Estate to create the Greener Homes Alliance 2 fund for small and medium-sized house builders.
The £150m pot will provide SME house builders with further loan finance for high-quality, energy efficient homes to be built across England.
The first phase of the alliance launched in 2021…
Breyer Group battles for survival as rivals circleSouth East housing maintenance contractor Breyer Group is fighting for survival after a flurry of winding up petitions from firms seeking payment.
Subcontractors have contacted the Enquirer claiming they are not being paid by the £80m revenue contractor.
Three firms resorted to issuing winding up petitions against Breyer this month alone. Two…
Careys facing £2.4m claim by developer over demolition cartelCarey Group is facing legal action from a developer which claims it was overcharged for demolition work caught up in the industry’s bid rigging scandal.
Carey owned Scudder was one of ten firms fined a total of nearly £60m in 2023 for illegally colluding to rig bids for demolition and asbestos removal contracts.
Hong Kong based…
Lendlease Construction renamed BovisLendlease Construction UK has been renamed Bovis after new US private equity owner Atlas Holdings completed the deal yesterday to buy the Australian firm’s UK contracting business.
The rebranding to Bovis resurrects the name retired 14 years ago and hails back to the company’s founding in 1885.
Bovis will be led by David Cadiot, who has been named chief…
Multiplex profit drops a third as revenue rises to £780mMultiplex Europe’s construction business reported pre-tax profits down by just over a third last year to £20m from revenue up 16% to £780m.
Operating margin at the business also slipped back in 2024 to 3.5% from last year’s high of 5.5%.
Multiplex Construction Europe managing director Callum Tuckett said the fall in profit reflected…