Elements Europe racked up £80m in losses before collapseElements Europe crashed into administration after a disastrous leap into main contracting triggered nearly £80m in losses, a bombshell report to creditors has revealed
The Telford-based modular specialist had built its reputation supplying bathroom pods and room modules, but its move into full-build projects saw losses spiral, plunging t…
Elements Europe went down owing supply chain £8.7mOffsite construction specialist Elements Europe owed subcontractors and suppliers £8.7m when it went into administration last month.
A report by administrators Interpath reveals the scale of debt and losses at the business.
Elements Europe also owed £71.8m to its majority South Korean owner GS Engineering & Construction (GS) who invested in t…
Altius and Erith win landmark London tower rebuildDeveloper Altius Real Estate has been picked by Westminster City Council to redevelop one of central London’s most high-profile sites located between Leicester Square and Piccadilly Circus.
The 1960s Huguenot House tower block will be bulldozed to make way for a mixed-use scheme featuring new flats, a cinema, hotel, offices and a redesigned…
Corbyn suppliers left £4.4m out-of-pocketLondon based groundworks and concrete frame specialist Corbyn Construction went under owing £4.4m to subcontractors and suppliers.
The scale of the firm’s debt has been laid bare in an update from administrator FRP Advisory filed at Companies House.
Corbyn went into administration in May after more than 35 years in business.
The company also owed HMRC…
Legacy building defects return to haunt Barratt RedrowBarratt Redrow has been stung with a fresh £248m charge after uncovering major legacy building safety defects across several developments following its mega-merger.
The house building giant flagged the extra shock charges in a trading update ahead of full-year results in September.
The charges overshadowed a solid performance in the year to…
Skanska agrees £153m price to revamp A47 Thickthorn junctionSkanska has confirmed agreeing a £153m price with National Highways to overhaul the A47/A11 Thickthorn junction near Norwich.
The long-awaited A47 road scheme was initially going to be delivered by Galliford Try but was held up in the courts and was retendered last year to seek better value.
The upgrade will deliver a new 1.6km…
First tower plans go in for £1bn Liverpool Pier Head sitePlans have been submitted for the first 28-storey residential tower on the £1bn King Edward development adjacent to Liverpool’s Pier Head.
Davos Property Developments Limited in conjunction with Beetham Davos Ltd have submitted the tower plan as a ‘pathfinder’ to set the tone for the scheme’s wider ambitions.
The King Edward…
Barhale creates new low-carbon chief board roleCivil engineering and tunnelling specialist Barhale has created a new board role to spearhead its low-carbon strategy as it promotes two senior insiders into key leadership posts.
James Haddon steps up to the newly-created board role of director of low carbon solutions reflecting the firm’s push to cut fossil fuel use and deliver greener…
Met Police preps £300m framework for estate upgradeThe Metropolitan Police Service has kicked off early market engagement ahead of launching a £300m building works and maintenance framework.
The Mayor’s Office for Policing and Crime is leading the procurement process for the multi-lot framework, which will cover construction, repair and associated services across the MPS estate.
Interested…
Raft of SME firms win £94m framework placesMORE than 50 contractors have won places on a new £94m asbestos, demolition and water hygiene framework hosted by regional procurement specialist EN:Procure.
Of the 54 winners, 47 are small and medium-sized enterprises (SMEs) operating in the North of England.
Emma Mottram, director of operations at EN:Procure, said: “The asbestos and demolition…