Construction news

• Wates chief executive David Allen exits

  14-07-2022 12:59 via constructionenquirer.com
  
  Wates chief executive David Allen is stepping down with immediate effect after running the family-owned building contractor for the last four years.
  His departure was announced to staff this morning.
  Philip Wainwright, chief financial officer, will become interim CEO pending the appointment of a permanent successor.
  Allen joined the Wates Group in January 2016 and has been CEO of the £1.2bn turnover business since April 2018.Just a few months ago Allen revealed that Wates, now in its 125th
  
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• T Clarke soars to record first half revenue

  14-07-2022 09:30 via constructionenquirer.com
  
  Building services contractor T Clarke has delivered record £200m turnover in the first six months of the year after strong growth in London.
  The near 50% jump in revenue has put the business on track to hit £450m revenue by the end of the year.
  Growth in revenues was supported by maintaining the firm’s operating margin close to target levels at 2.9% – again driven by the London business.This helped interim pre-tax profit to more than double to £5.5m from £1.9m
  
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• Barratt hands staff £1,000 each to ease cost of living squeeze

  14-07-2022 09:26 via constructionenquirer.com
  
  Britain’s biggest house builder Barratt is handing staff an extra £1,000 each to help with the cost of living crisis.
  It is the latest move by the housing giant to help workers after it brought forward the annual salary review from 1 July to 1 April 2022 awarding a 5% increase to all eligible employees.
  The payments were revealed in a trading update this morning for the year to June 30 2022 highlighting an adjusted pre-tax profit of between £1,050m and £1,060m.But the bot
  
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• Oldham starts hunt for £550m development partner

  14-07-2022 09:12 via constructionenquirer.com
  
  Oldham Council has started the hunt for a development partner for plans to deliver 2,000 homes across eight sites in the town centre.
  The sites include Oldham Civic Centre, which will be freed up when Oldham Council staff relocate into the redeveloped Spindles Town Square Shopping Centre. Here, 400 to 600 apartments could be created.
  The former Oldham Magistrates’ Court site has also been earmarked for 125 to 225 flats.While a further 175 to 250 apartments could be built at the former Oldh
  
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• Svella steps in as utilities firm Aberla goes into adminstration

  14-07-2022 09:00 via constructionenquirer.com
  
  Investment and acquisition specialist Svella has purchased two Aberla Group companies after the utilties business fell into administration earlier this week.
  The move will safeguard 19 jobs at the Warrington based specialist as Svella strengthens  its infrastructure division.
  Svella bought the telecoms, plant hire, transport and accommodation operations of failed contractor nmcn out of administration last year.And former nmcn CEO Lee Marks is now a director of Svella.
  He said: “We are
  
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• Svella steps in as utilities firm Aberla goes into administration

  14-07-2022 09:00 via constructionenquirer.com
  
  Investment and acquisition specialist Svella has purchased two Aberla Group companies after the utilties business fell into administration earlier this week.
  The move will safeguard 19 jobs at the Warrington based specialist as Svella strengthens  its infrastructure division.
  Svella bought the telecoms, plant hire, transport and accommodation operations of failed contractor nmcn out of administration last year.And former nmcn CEO Lee Marks is now a director of Svella.
  He said: “We are
  
  Read more

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