Construction news

• Winners revealed for £814m FM framework

  15-01-2025 16:26
  
  The 27 winners of a new UK-wide facilities management framework have been confirmed by procurement provider Pagabo.
  The Total Facilities Management Framework will run until November 2028 offering services including roofing, mechanical work and decorating
  It will be managed on behalf of contracting authority Red Kite Learning Trust and allow public sector organisations across sectors including education, leisure, healthcare, emergency services and local authorities to procure a range of soft, har
  
  Read more

• Refurb contractor went down owing supply chain £9.5m

  15-01-2025 09:08
  
  Suffolk based refurbishment contractor Troy Central Ltd owed suppliers and subcontractors £9.5m when it went into administration last November.
  The scale of the company’s debts has been revealed by administrator Grant Thornton.
  An update at Companies House details 327 unsecured creditors owed a total of £9.56m.The firm specialised in the hotel, leisure and commercial sectors working on jobs up to £3m in value.
  Latest accounts for Troy for the year to August 31 2023 show a
  
  Read more

• Vistry slims down to three operating divisions

  15-01-2025 08:56
  
  Partnership housing specialist Vistry has slimmed down its operational structure from six to three divisions after reporting a £165m hit last year when it unearthed under-estimated build costs at its southern division.
  The new operational structure is designed to reduce reporting lines and allow CEO Greg Fitzgerald to get closer to the business.
  Each of the new three larger divisions is being led by newly-promoted executive chairs reporting directly to Fitzgerald.The new executive cha
  
  Read more

• Business better than expected at bullish Galliford Try

  15-01-2025 08:46
  
  Galliford Try issued a bullish trading statement to the City this morning with the business performing better than the board and analyst’s expectations.
  The contractor is on course to post pre-tax profit of around £35m for the year to June 30 2025 on turnover of £1.8bn.
  The company said: “The Group is performing well, winning a number of key projects and places on strategic frameworks throughout the first six months of the current financial year.“Trading is ahead of
  
  Read more

• Advertisement

• Tilbury Douglas bags major Barbican Centre M&E upgrade

  15-01-2025 08:15
  
  Tilbury Douglas has secured the first phase of a major long-term M&E upgrade to the famous Barbican Arts Centre in London.
  The first phase works contract will be worth £22.5m, while the full programme of planned works is expected to rise to £185m over a decade of improvements to the grade II listed complex.
  The Corporation of London’s Barbican Renewal programme aims to deliver an exemplar of sensitive and sustainable conservation and retrofit for one of the UK’s most
  
  Read more

• Cardo breaks into Scotland with fifth acquisition

  15-01-2025 08:14
  
  Growing building maintenance specialist Cardo Group has gained a foothold in Scotland with the acquisition of energy services contractor HeatCare Oil and Gas.Established in 2000, HeatCare employs around 80 staff. It started out as a reactive gas maintenance repairs firm expanding into wider trades delivering plumbing, electrical work, joinery, painting, and refurbishment projects.
  With HeatCare’s operations rooted in Scotland the acquisition expands Cardo’s geographical reach and enh
  
  Read more

• Morgan Sindall starts £90m Cambridge mixed-use job

  15-01-2025 08:13
  
  Morgan Sindall Construction has finally started work on a £90m contract to build a mixed-use scheme in Cambridge more than two years after it gained planning.
  The Mill Yard project, formerly known as Devonshire Gardens, is being developed by Railpen, manager of the £34bn railways pension fund, and its development partner Socius.
  This landmark brownfield regeneration will unlock a vital space in the heart of the city, located close to Cambridge train station.Mill Yard comprises 110,00
  
  Read more

Follow @new_constructio on Twitter!