Gilbert Ash to be sold to staffGilbert-Ash is the latest contractor set to transition to an Employee Ownership Trust (EOT).
The £267m firm will be sold to its staff through an EOT created to enable employees to acquire, through the sale of shares by existing owners, a controlling interest in a company.
Gilbert-Ash Managing Director, Ray Hutchinson, said: “The recent success of Gilbert-Ash has,…
Cardo seals deal to save 100 jobs at Breyer roofing armBuilding maintenance specialist Cardo Group has signed a deal to acquire Breyer Group’s roofing division from administrators.
The move saves 100 jobs while Cardo has also taken over Breyer’s contract with the Royal Borough of Kingston upon Thames for responsive repairs and maintenance to ensure services continue uninterrupted.
Lloyds Bank…
Czech energy tycoon buys UK’s biggest rebar supplierThe UK’s largest supplier of construction rebar has been snapped up by Czech billionaire Pavel Tykač in the latest major shake-up in the steel products sector.
Cardiff-based Celsa Steel UK is now under the control of Sev.en Global Investments, the industrial arm of one of Europe’s wealthiest individuals, who made his fortune through coa…
Caddick Construction targets £400m turnoverYorkshire-based Caddick Construction has forecast turnover hitting £400m this year after delivering a 12% rise in revenue in the latest published results for 2024.
A sharp upturn in performance across Caddick Construction’s four operations delivered the rise in turnover to a record £356m in the year-end August 2024.
Pre-tax profit climbed 13% to…
Scores of M&E firms win places on £400m CHIC frameworkMidlands and southern housing procurement group, Central Housing Investment Consortium, has picked scores of firms for its new £400m Mechanical & Electrical Framework.
The four-year deal running to 2029 will be used to deliver heating, electrical and ventilation works for housing providers across the UK.
Firms have been split into two main…
Coroner hears how worker was crushed under diggerA construction worker was killed after being trapped under a digger an inquest opening heard on Monday.
Essex Coroner’s Service heard how Lulzim Lleshi, a 45-year-old agency worker from Dunmow, died on April 7 on a construction site in Colchester Road, near West Bergholt.
The housing job was run by local contractor Rose Builders who ar…
Willmott Dixon lands Dover town centre revampWillmott Dixon and property developer Milligan have secured the job to regenerate several council-owned sites in Dover town centre.
The pair will now work with the council on bringing forward detailed proposals as part of a strategic alliance.
Plans will target new homes, improved public spaces, and mixed-use developments – including a potentia…
Go-ahead for London City office-to-flats schemeDeveloper HUB and funding partner Bridges Fund Management have secured planning for a major office-to-residential conversion at 150 Minories in Aldgate.
The scheme, known as the Assemblies, will transform a 1950s City office block into 277 co-living homes aimed at creative and business communities in East London and the Square Mile.
Designed by…
Wates mobilises as £200m Middlesbrough scheme approvedPlans to transform a derelict site in Middlesbrough town centre have cleared a major hurdle after securing planning approval.
Wates has been named lead contractor for the £200m Gresham Street development being brought forward by developers iMpeC and Buccleuch Property.
The transformational project sits as part of the wider Middlesbroug…
Crashed M&E contractor TNA owed supply chain £7mAdministrators for collapsed building services specialist TNA Electrical have revealed the firm owed subcontractors and suppliers £6.9m when it went under last month.
The £30m turnover Cannock based specialist is in the hands of administrator Leonard Curtis who filed an update at Companies House last week.
It revealed that some of the assets of…