Construction news

• London builders merchant goes into administration

  31-07-2024 14:41 via constructionenquirer.com
  
  London builders and timber merchant Hitchcock & King has fallen into administration.
  Steve Absolom and Nick Holloway from Interpath Advisory are now in control of Hitchcock & King Enterprises Limited.
  Hitchcock & King has been trading for over 50 years and operates from six sites across London in Ashford, Burgh Heath, Fulham, Hammermsith, Streatham and Twickenham.The company hadsfaced difficult trading conditions in recent times including the impact of rising costs and decreasing mar
  
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• Sir Robert McAlpine plunges to £110m trading loss

  31-07-2024 09:00 via constructionenquirer.com
  
  Sir Robert McAlpine slumped to £110m operating loss and tumbled below £1bn revenue in a torrid year to October 2023.
  The extent of contract losses emerged after assessing end-of-life positions of price-based contracts, which completed in 2023 or are due to complete this year.
  Revenue fell 19% to £881m amid the slowdown in the building market while the business endured a net cash outflow of £82m over the year.
  To support the business, the McAlpine family directly funded a
  
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• Taskforce to identify sites for wave of new towns

  31-07-2024 08:57 via constructionenquirer.com
  
  A government taskforce has been launched to identify sites for a a new generation of new towns.
  The programme will create large scale communities of at least 10,000 new homes each with with many “significantly larger.”
  It will include new communities that are separate from existing settlements but a far larger number of new towns will be urban extensions and regeneration schemes that will work alongside existing developments.Schemes will be governed by a ‘New Towns Code’
  
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• Taylor Wimpey fire safety work costs soar to £333m

  31-07-2024 08:46 via constructionenquirer.com
  
  Taylor Wimpey has been forced to increase provisions for expected fire safety work after an escalation in costs on recent tenders.
  The house builder had previously set aside £245m to cover the full fire safety remediation of its building portfolio. But this morning Taylor Wimpey said the expected cost had now soared by over a third.
  In a statement alongside lacklustre results for the first six months of the year, chief executive Jennie Daly said: “We have reassessed the remediation c
  
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• Permasteelisa lands £25m curtain wall deal from Multiplex

  31-07-2024 08:25 via constructionenquirer.com
  
  Permasteelisa Group has been appointed by Multiplex to deliver the bespoke curtain wall of the new Holborn Viaduct building in the City of London.
  The design phase is currently ongoing at Permasteelisa’s design centre in Italy, where the bespoke elements of the façade will also be assembled in its specialist manufacturing facility.
  The installation phase for the 15,500 sq m façade is planned to start at the end of March next year, with scheduled completion expected after 12 m
  
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