Construction news

• Graham secures third Audley retirement village

  20-01-2022 09:38 via constructionenquirer.com
  
  Retirement homes specialist Audley Group has appointed Graham to deliver a 110-acre retirement village in West Yorkshire.Once complete, it will be home to 22 cottages and 106 two-bedroom apartments.
  The Audley Scarcroft Park project will be the third secured by Graham with the developer.
  Following preparatory groundworks construction is now starting on 18 buildings and the restoration of Grade II listed Scarcroft Lodge.
  On completion, Scarcroft Lodge, built in 1830, will be home to the Audley Cl
  
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• Kier more than halves debts to below £200m

  20-01-2022 09:10 via constructionenquirer.com
  
  Kier has more than halved its net debt from around £436m to below £200m following the sale of Kier Living and its £241m cash raise last year.
  Together these raised £351m helping business to fund working capital and bring average net debt down to more manageble levels.
  In a half year trading statement this morning, Andrew Davies, chief executive officer, said the business was making strady progress with its order book up by 4% to around £8bn.This was driven by a &pou
  
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• Barhale boosts funds as it looks to rebuild turnover

  20-01-2022 09:08 via constructionenquirer.com
  
  Barhale has secured an £11m refinancing package as it looks to boost business as water companies ramp-up spending plans.
  Latest results at parent company Barhale Holdings show turnover dipped to £110m for the year to June 30 2021 from £142m last time in line with major clients’ spending plans.
  But pre-tax profits were up at £1.3m from break even last time and the civils giant has also secured a new funding deal to power future growth.Chief executive Martin Brown &nd
  
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• HS2 labour agency looks to float on AIM

  20-01-2022 08:42 via constructionenquirer.com
  
  Labour agency Hercules Site Services is looking to float on AIM in a bid to raise £5.5m to scale up its work on the northern section of HS2.
  The firm was founded in 2008 and works for big names including Balfour Beatty, Skanska, Costain and Kier.
  As well as labour supply it provides complementary project delivery services and specialist plant hire like suction excavators.
  Latest results for the year to September 30 2020 show the firm made a pre-tax profit of £1.1m from a turnove
  
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• Kane scores £29m M&E deal with Willmott Dixon

  20-01-2022 08:28 via constructionenquirer.com
  
  Kane have bagged a £29m contract with Willmott Dixon to deliver the MEP packages across several blocks of the Gascoigne Estate Projects in London.
  The 30-month deal consists of the design and construction of 660 residential units over six blocks.
  Kane has secured early instruction to complete the MEP design from stage 2, which has proven invaluable in terms of project collaboration and identifying and addressing buildability issues.It has enabled Kane to maximise off-site works and utilise
  
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