Construction news

• Gilbert Ash to be sold to staff

  16-04-2025 17:19 via constructionenquirer.com
  
  Gilbert-Ash is the latest contractor set to transition to an Employee Ownership Trust (EOT).
  The £267m firm will be sold to its staff through an EOT created to enable employees to acquire, through the sale of shares by existing owners, a controlling interest in a company.
  Gilbert-Ash Managing Director, Ray Hutchinson, said: “The recent success of Gilbert-Ash has, in many ways, been built upon the fact that we have been an employee-owned company for more than 50 years.“Moving to
  
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• Cardo seals deal to save 100 jobs at Breyer roofing arm

  16-04-2025 15:03 via constructionenquirer.com
  
  Building maintenance specialist Cardo Group has signed a deal to acquire Breyer Group’s roofing division from administrators.
  The move saves 100 jobs while Cardo has also taken over Breyer’s contract with the Royal Borough of Kingston upon Thames for responsive repairs and maintenance to ensure services continue uninterrupted.
  Lloyds Bank called in insolvency specialist RSM as administrator for 250-employee housing maintenance specialist Breyer earlier this month.Glen Carter, partner
  
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• Cardo saves 100 jobs at Breyer roofing arm

  16-04-2025 15:03 via constructionenquirer.com
  
  Building maintenance specialist Cardo Group has signed a deal to acquire Breyer Group’s roofing division from administrators.
  The move saves 100 jobs while Cardo has also taken over Breyer’s contract with the Royal Borough of Kingston upon Thames for responsive repairs and maintenance to ensure services continue uninterrupted.
  Lloyds Bank called in insolvency specialist RSM as administrator for 250-employee housing maintenance specialist Breyer earlier this month.Glen Carter, partner
  
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• United Living names new property services senior team

  16-04-2025 09:30 via constructionenquirer.com
  
  United Living has reshuffled the top team at its Property Services division with the appointment of a new chief executive and chief operating officer.
  Claire Kershaw steps in as CEO, bringing over 20 years of experience in the social housing sector.
  She has held senior leadership roles at Kier where she rose to regional operations director of residential and Willmott Dixon where Kershaw was a procurement director.Joining her as COO is Vlad Nedelcu, who previously led PiLON before it was acquired
  
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• Wynne triples turnover in three years to over £90m

  16-04-2025 08:37 via constructionenquirer.com
  
  North Wales-based contractor Wynne Construction has trebled its turnover in just three years.
  The Bodelwyddan-based contractor saw revenue rocket to £91m for the year to July 2024, up from £33m in 2022.
  The growth spurt has earned the regional contractor recognition as one of fastest-growing firms in Wales.Wynne said it continued to have a strong work pipeline with the year-end order book at £72m and places on major public frameworks including Pagabo, SEWSCAP3 and NWCP, and con
  
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• Speedy Hire blames Budget for branch closures

  16-04-2025 08:18 via constructionenquirer.com
  
  Speedy Hire has blamed National Insurance rises announced in the last Budget for a round of redundancies and branch closures.
  In a trading update to the City this morning the kit-hire giant said: “In response to the Autumn Budget increases in employment taxes, the Group has accelerated several planned depot closures and restructured various support roles within the business.“The savings of both these actions are expected to be in the region of £3.5m.”Speedy Hire is set to
  
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• Czech energy tycoon buys UK’s biggest rebar supplier

  16-04-2025 08:03 via constructionenquirer.com
  
  The UK’s largest supplier of construction rebar has been snapped up by Czech billionaire Pavel Tykač in the latest major shake-up in the steel products sector.
  Cardiff-based Celsa Steel UK is now under the control of Sev.en Global Investments, the industrial arm of one of Europe’s wealthiest individuals, who made his fortune through coal mining, gas-fired power and global energy assets.
  The rebar giant is being rebranded 7 Steel UK, with the new owner promising business continui
  
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• Builder gets suspended sentence for Covid loan fraud

  16-04-2025 07:31 via constructionenquirer.com
  
  A building contractor who fraudulently claimed a £50,000 Covid Bounce Back loan has received a 13-month suspended sentence.
  Florin-Petrica Bodale offered plumbing, heating and air-conditioning installation and was based in Harrow, London.
  In November 2020, the 34-year-old successfully applied to a bank for a Covid Bounce Back loan of £50,000.But an Insolvency Service investigation found that he had falsely claimed the company’s turnover was £240,000 to receive the maximum
  
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