Construction news

• “Vast majority” of jobs set to be saved at nmcn

  05-10-2021 21:01
  
  The sale of nmcn following its fall into administration is expected to be concluded within 48 hours saving the jobs of the “vast majority”of the contractor’s 1,700 employees.
  The Enquirer has seen an update sent to staff by CEO Lee Marks on Tuesday.
  It states that the sale of the Infrastructure, Plant Transport & Accommodation, Telecoms and Water divisions is expected to complete in the next day or two.Marks added: “These potential sales will secure the jobs of the va
  
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• Bouygues wins £70m first phase of science centre

  05-10-2021 16:07
  
  Carmarthenshire County Council has appointed Bouygues UK to design and build the £70m Zone One of its Pentre Awel science and innovation centre.
  The council has led an extensive tendering process via the South West Wales Regional Contractors Framework for firms to deliver the scheme.
  Zone One will feature education, business, research, leisure and health facilities to provide social and economic benefits to people in the region.The council and Bouygues have now entered into an initial pre-
  
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• McLaren to build new £32m HQ for Salvation Army

  05-10-2021 13:45
  
  The Salvation Army has confirmed  McLaren Construction as the main contractor on its new 55,000 sq ft territorial headquarters in Southwark, London.
  The £32m HQ building will allow the international charitable organisation to relocate from its current headquarters, consolidating its administrative office and training provision in one location.
  The Breeam Excellent building will be located at the William Booth Training College site in Denmark Hill, Southwark – an underutilised pa
  
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• Geoffrey Osborne hit by £14m loss before civils arm sale

  05-10-2021 09:21
  
  Latest published accounts for contractor Geoffrey Osborne reveal the group suffered a £14m loss last year as the pandemic took its toll on the business.
  The heavy losses prompted a group-wide business review leading to the sale in September of its £200m infrastructure business to London private equity firm Sullivan Street Partners for an undisclosed sum.
  Tough trading in 2020 saw total net assets more than halve to £8.6m from £19.2 in 2019, with group cash down &poun
  
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• Bid race starts for £50m Hertfordshire police HQ

  05-10-2021 08:45
  
  Bidding has started for a £50m project to build a new headquarters for Hertfordshire Police force in Welwyn Garden City.
  Under the plans, several modern buildings will be retained on the Stanborough Road site but three of the large administration blocks and five smaller buildings, some dating back to the 1960s, have reached the end of their economic life, and would require a backlog of repairs costing £15m.
  The aim now is to replace these old buildings with two new buildings, one of
  
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• Covid costs Esh Group £6m

  05-10-2021 08:26
  
  Esh Group has reported a £3.7m operating loss from continuing activities in 2020 as the pandemic cost the North of England contractor £6m.
  The firm saw turnover for the full year increase to £223m following a major reorganisation and revised growth strategy.
  But growth was offset by the pandemic which had a net effect on the Esh’s bottom line of over £6m – equivalent to a 2.6% loss of gross profit.Chief executive, Andy Radcliffe, said: “We commenced the
  
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• Equans targets decarbonising school retrofit market

  05-10-2021 08:17
  
  Equans, the new contracting brand for Engie’s services-led activities, has set its sights on the emerging school retrofit market with a newly-tailored offer for the UK’s 32,000 schools.
  The Government has pledged to pour cash into slashing public building emissions with the schools estate seen as a key recipient for its recently launched £1bn retrofit fund
  Equans’ new school estate decarbonising service – School Zero – is based a two-pronged approach. This inv
  
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• R G Carter construction arm runs up £4.6m loss

  05-10-2021 08:16
  
  The construction arm of the RG Carter plunged to a £4.6m loss last year after revenue slumped by just over a quarter to £223m.
  At the start of the pandemic, R G Carter Group received £2.9m from the Corona Virus Job Retention scheme and received a £2.5m payment from insurance cover for business interruption losses.
  This helped to support jobs and overall group performance keeping the group business £720,000 in profit compared to £4.3m in 2019 after revenue dive
  
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