Construction news

• Buckingham Group stops trading and tries to sell business

  17-08-2023 14:30 via constructionenquirer.com
  
  Buckingham Group Contracting has confirmed it has ceased trading and is looking to sell parts of the business “in a very short period”.
  The Enquirer revealed on Wednesday morning that the firm had filed a notice on intention to appoint an administrator.
  In an update Buckingham said: “It is with immeasurable regret that the Buckingham Board has to announce that rapidly escalating contract losses and a sharp reduction in liquidity, together mean the Company is unable to continue
  
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• Buckingham Group files administration notice

  17-08-2023 09:32 via constructionenquirer.com
  
  Buckingham Group Contracting has filed a notice of intention to appoint administrators.
  The £700m turnover employee-owned business filed the notice yesterday giving it 10 days to keep creditors at bay.
  The move follows a main board shake-up just two weeks ago after group managing director Ian McSeveney tendered his resignation for long term health reasons after 17 years with the business.Simon Walkley stepped up to replace McSeveney after acting as deputy group MD for two years.
  In last re
  
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• Profits fall at BAM UK contracting operations

  17-08-2023 09:08 via constructionenquirer.com
  
  BAM’s UK building and civil engineering business saw profits fall in the first half as inflation and supply chain issues eroded margins.
  Building arm BAM Construction saw profits fall by 30% to £13.2m from revenue slightly down at £426m as the business ran into challenges, particularly on larger contracts.
  The larger civils business, BAM Nuttall, fared better with stronger revenue up nearly 7% to £554m and profits down 13% at £14.4m.Ruud Joosten, CEO of Royal BAM Gr
  
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• Everton plan tribute to worker who died at stadium site

  17-08-2023 08:54 via constructionenquirer.com
  
  Everton FC are working with the family of stadium construction victim Michael Jones for a “lasting tribute” at the ground.
  Jones died following an accident on the £500m Laing O’Rourke job on Monday.
  The 26-year-old Everton fan suffered severe head injuries and was declared dead after being taken to Aintree Hospital.Everton said: “The loss of Michael Jones, a lifelong Evertonian who followed the Blues home and away, has left us all devastated.“The thoughts of e
  
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• OCU wins latest phase of historic aqueduct upgrade

  17-08-2023 08:26 via constructionenquirer.com
  
  Infrastructure specialist, OCU Group has won the latest phase of a major upgrade to the Vyrnwy Aqueduct for United Utiolities.
  The aqueduct was constructed in 1892 and runs from Lake Vyrnwy in Powys to Prescot in Merseyside.
  OCU is set to start work on site this month to enhance one of three one-metre diameter parallel pipelines; a project that is expected to take around a year to complete.It marks the second of three phases on the aqueduct, with over 40% of the pipeline already refurbished and
  
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• Railway construction row ends in £11m out-of-court settlement

  17-08-2023 08:10 via constructionenquirer.com
  A long-running row over the construction of the UK’s highest railway has been settled out of court ahead of a planned hearing this month.
  Under the terms of the settlement client Highlands and Islands Enterprise will receive £11m.
  HIE, which owns Cairngorm Estate and commissioned the funicular, had been pursuing legal action in the Court of Session against construction company Galliford Try Infrastructure Limited and designer A.F. Cruden Associates Limited.HIE was also seeking paymen
  
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