Construction news

• Bellway dumped imported contaminated soil on its housing site

  08-03-2023 23:27 via constructionenquirer.com
  
  Bellway Homes will pay £100,000 to environmental charities in the North East as redress for dumping contaminated soil at one of its sites in Northumberland.
  Bellway Homes imported 2,688 cubic metres of contaminated waste soil onto its St Mary’s Park housing site near Stannington in late 2017.
  The waste soil – containing wood, metal, wire cables, rubber, plastic and vehicle tyres – came from another one of its developments at nearby Five Mile Park.Bellway said the waste so
  
  Read more

• Britishvolt collapse cost Ashtead £35m

  08-03-2023 15:58 via constructionenquirer.com
  
  Plant hire giant Ashtead has confirmed a £35m hit following the collapse of car battery firm Britishvolt.
  The equipment rental business – which trades as Sunbelt and was formerly known as A-Plant in the UK – was a major investor in Britishvolt which had plans to build a £300m gigafactory in Northumberland before it went into administration in January.
  In its latest results Ashtead said “During the period, the Group made one new investment, namely Britishvolt ($42m),
  
  Read more

• Plant theft gang sentenced over £1.3m of stolen kit

  08-03-2023 12:18 via constructionenquirer.com
  
  Three people including a pair of brothers have been jailed, with four more given suspended sentences, for their parts in the handling and sale of in excess of £1m worth of stolen machinery.
  A total of 46 machines were stolen mainly from across the North West between 2015 and 2018, and were then sold on to a gang who operated out of an industrial unit in Nelson, Lancashire where the stolen goods were modified to hide their original identification numbers.
  The gang then sold the machines on
  
  Read more

• £258m funding deal signed for Ardmore resi site

  08-03-2023 09:01 via constructionenquirer.com
  
  A four-year £258 million development loan has been secured to fund the delivery of a 462-home prime residential-led scheme in Kensington, West London.
  Ardmore will now start main construction work this summer at 100 Cromwell Road after finance specialist Maslow Capital finalised the deal with a joint venture between developer SevenCapital and real estate investment manager MARK.
  The site will see construction of seven residential blocks including a 29-storey tower which will become the tal
  
  Read more

• Advertisement

• Galliford Try margin hits 2.3% as order book rises to £3.5bn

  08-03-2023 08:56 via constructionenquirer.com
  
  Growth in infrastructure orders helped Galliford Try to deliver a steady improvement in profit and revenue in the first six months of the year.
  Bill Hocking, chief executive, said the challenges around inflation and materials shortages were also now beginning to ease allowing group margins to slightly improve to 2.3%.
  Revenue for the half year to 31 December 2022 increased 14% to £679m, primarily reflecting disciplined growth in Infrastructure.  This included the benefit of a full six
  
  Read more

• Profits soar at brick maker Ibstock as prices rise 26%

  08-03-2023 08:37 via constructionenquirer.com
  
  Pre-tax profits at Ibstock jumped by 65% last year as the brick maker made £105m from a turnover of £513m.
  Turnover for the year to December 31 2022 rose to £513m from £409m last time as margins increased to 27.2% despite sales volumes remaining flat.
  Ibstock said it “has managed supply chain and inflation challenges well and we continued to price dynamically to recover cost inflation throughout the year, delivering a 26% increase in revenues with volumes broadly in
  
  Read more

• Hull modular specialist files administration notice

  08-03-2023 08:22 via constructionenquirer.com
  
  Offsite specialist Eco Modular Buildings Ltd has filed a notice of intention to appoint an administrator.
  The Hull based manufacturer and contractor has been in business since 2011 and has worked with a series of major contractors specialising in the education sector.
  Latest accounts for the company for the year to December 31 2021 shows a turnover of £33.5m generating a pre-tax profit of £244,000.
  During the year the firm employed 77 staff and owed £5m to trade creditors.
  &nbs
  
  Read more

• Bouygues tops contracts league with hospital win

  08-03-2023 08:01 via constructionenquirer.com
  Bouygues jumped to the top of the February ranking for orders secured with the signing of a £300m contract to deliver the Oriel hospital project to replace the famous Moorfields eye hospital in London.
  Demolition of six buildings currently on the Oriel Kings Cross site has just got underway and construction of the 10-storey, 47,000 sq m centre will start later in 2023.
  Click here for further rankingsThe win also edged Bouygues into third place on the rolling 12-month league rankings behind
  
  Read more

• Advertisement

Follow @new_constructio on Twitter!