Construction news

• Willmott Dixon names new finance chief

  14-03-2024 23:49 via constructionenquirer.com
  
  Willmott Dixon has appointed James Mackenzie as new chief financial officer, replacing Graham Dundas who has become group chief executive.
  The changes follow former chief executive Rick Willmott’s decision to step into the role of executive chairman.
  Mackenzie was previously CFO at Willmott Dixon’s joint venture partnership with Malasian-backed developer EcoWorld International, a position he held for six years.Prior to this, he held senior financial positions at Balfour Beatty, Berke
  
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• Surgo Construction staff start looking for new jobs

  14-03-2024 15:18 via constructionenquirer.com
  
  Staff at North East building contractor Surgo Construction have started looking for new jobs.
  The Enquirer understands that workers were told yesterday that the company is heading for administration.
  Surgo has been hit financially recently by a protracted payment dispute with house builder Bellway.According to insiders Bellway brought problems to a head for Surgo when it issued a winding-up petition against the contractor over a £1.1m outstanding adjudication settlement.
  Before that Surgo
  
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• Surgo Construction falls into administration

  14-03-2024 15:18 via constructionenquirer.com
  
  North East building contractor Surgo Construction has gone into administration.
  The Enquirer understands that workers were told yesterday that the company would cease trading and administrators are now in charge of the business with 46 jobs lost on their appointment.
  Surgo has been hit financially recently by a protracted payment dispute with house builder Bellway.According to insiders Bellway brought problems to a head for Surgo when it issued a winding-up petition against the contractor over a
  
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• Second staircase rule costs Vistry £19m

  14-03-2024 09:12 via constructionenquirer.com
  
  Vistry has revealed that complying with the Government’s second staircase rule on high-rise projects has already cost the business £19m.
  Announcing improved annual results this morning, chief executive Greg Fitzgerald said a combination of loss of planned units and extra costs in building extra staircases had already impacted the business last year.
  Despite this, Fitzgerald said that Vistry has made strong progress on shifting towards becoming the country’s leading partnership
  
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• Ilke Homes name reappears after £320m collapse

  14-03-2024 08:45 via constructionenquirer.com
  
  A new company is promoting the Ilke Homes name nine months after the modular house builder collapsed owing £320m.
  Ilke Homes went into administration last June with massive debts including £68m to Homes England and £17m to subcontractors and suppliers.
  The Ilke Homes website has now been updated including a new brand called Homespace.The website states: “Homespace was born through the completion of a strategic asset purchase agreement, taking ownership of Ilke’s tra
  
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• Fife groundworks and plant hirer goes under axing 35 jobs

  14-03-2024 08:22 via constructionenquirer.com
  
  Fife-based plant hirer James Penman (Plant Hire) has ceased trading following the appointment of administrators.
  Around 35 staff are understood to have been made redundant by insolvency specialist FRP.
  The  Kirkcaldy family-owned firm specialised in groundworks, drainage and plant hire and celebrated 50 years in business this year.FRP Advisory partner Callum Carmichael said: “James Penman struggled to maintain its financial obligations which stemmed from the pandemic and, regrettably,
  
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• Smart Motorway Programme Alliance chief to step down

  14-03-2024 08:12 via constructionenquirer.com
  
  National Highway’s head of the Smart Motorway Programme Alliance is stepping down to take up a new job elsewhere in the industry.
  Tony Slater, managing director of the SMP Alliance, announced he would be moving on to take up a fresh career challenge in an email to suppliers.
  His decision to leave has raised speculation that National Highways’ SMP Alliance could now be wound up as workloads have diminished dramatically following the decision to curtail the Smart motorway programme ove
  
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• Clients urged to get ahead of contractor recovery cycle

  14-03-2024 08:08 via constructionenquirer.com
  
  Consultant Turner & Townsend is urging its clients to start proactively planning for a resurgence in construction activity after revising up its inflation forecasts.
  It argues for investment decisions to be ‘made not delayed’, and for project teams to secure their supply chains to help tackle stubbornly high inflation.
  Despite continued headwinds, the cost consultant has revised up tender price forecasts in its Spring report .Real estate is set to increase to 3.2% this year, up f
  
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