Materials distribution giant SIG made a pre-tax loss of £112.7m loss last year following a series of management failures leading to a loss of market share.
Accountants PwC were called in earlier this year to investigate divisional financial forecasting issues which left the Board “unsighted as to the overall picture.”
The company is now vowing to grow the business again with the long-term aim of hitting 5% margins.Chief Executive Officer Steve Francis,who took up the role
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SIG management blunders rack-up £112.7m loss
-
Plant bosses blast “inflexible” police over road bans
The Construction Plant-hire Association (CPA) has written to the Secretary of State for Transport, Mark Harper calling for a more flexible regime over police bans on moving mobile cranes and large plant on the country’s roads.
The simmering issue came to a head over Easter when police forces across the country strictly enforced road embargoes on the movement of large construction kit.
Research by the CPA has discovered an increasingly draconian approach by some forces including one firm wa -
Balfour wins major Rolls-Royce Derby campus expansion
Rolls-Royce has selected Balfour Beatty as a construction partner for a major expansion of its works in Raynesway, Derby to fulfil a raft of major submarine contracts.
The firm is planning to add around 1.1m sq ft of space demolishing several existing buildings at its site to make way for larger sheds and factory space.
As part of the package of works, which will be executed in stages over the next eight years, Balfour Beatty will deliver infrastructure enabling works, build new manufacturing an -
Construction recovery rained-off in first quarter
Unusually wet weather in February and March shrank construction output in the first three months of the year, according to latest Government figures.
But a sharp rise of 16% in first quarter order figures raises hope of recovery ahead despite on-going uncertainty caused by a looming election.
In March, monthly construction output slid 0.4% in volume terms stemming from decreases in both new work (0.7% fall) and repair and maintenance (0.1% fall).At the sector level, while five out of the nine se -
Building boss banned for covid loan abuse
A London-based builder has been disqualified as a company director for ten years after he overstated his company’s turnover to claim the maximum Bounce Back Loan during the pandemic and then failed to show the money had been spent on his business.
Marcel Ion, 39, from Bromley, was the sole director of Mavion Group Ltd, a construction business which was registered in Dagenham.
In June 2020, Ion applied for a £50,000 Bounce Back Loan on his company’s behalf, stating that the busi -
Contractors face mental health quiz to win work
Industry accreditation specialist Veriforce CHAS is pushing for mental health assessments of contractors to become part of the prequalification process.
The firm has launched its first Mental Health & Wellbeing Question Set as a voluntary module within its core Veriforce CHAS assessments.
Managing director Ian McKinnon said: “We hope that this heralds a new era where mental health and wellbeing are prioritised alongside traditional safety measures and mental health an -
Skanska tops April contract wins ranking
Two big building wins in London saw Skanska jump to the top of the contracts league in April.
The brace of projects include a major £250m job for a 20-storey mixed-use tower which will replace Hill House, a 1970s concrete building on a site just North of Fleet Street.
The firm was also confirmed a £158m data centre fit-out, along with associated construction work, from global data centre provider Telehouse in London Docklands.
Ardmore ranked second after developer Reef Group picked t -
Modular builder TopHat managing director departs
The managing director of volumetric house builder TopHat is stepping down amid an ongoing streamlining programme.
Andrew Shepherd leaves the firm at the end of this week after nearly four years at the business that has to make a profit.
He said: “After a roller-coaster near-four years in the world of modular house building I will be moving on to a new challenge.
“I wish my colleagues all the best moving forward and would like to express my personal gratitude for all their hard -
Graham nets £60m stands revamp at Lord’s
Graham has been confirmed as main contractor on the latest £60m redevelopment at Lord’s Cricket Ground.
Work will start at the end of September to redevelop the Tavern and Allen Stands with completion due in May 2027.
Graham will work alongside Gardiner & Theobald, Wilkinson Eyre Architects, and Arcadis to deliver the project for client the Marylebone Cricket Club (MCC).Throughout the redevelopment, Lord’s Cricket Ground will remain fully operational, ensuring minimal disru -
15 win £3.5bn Eastern Route Partnership railway deal
Network Rail has named the 15 firms it will work with on its new Eastern Routes Partnership set up to deliver a £3.5bn work programme through the control period 7 investment phase to 2029.
The framework covers four main delivery areas, with each split with generalist firms forming the core partnership team to deliver the larger, more complex projects and several specialists.Eastern Routes PartnershipBuilding & Civils
Generalists: Amco, BAM, Morgan Sindall, Story
Specialists: Taziker (s -
33 firms secure spots on £3.6bn Northumbrian Water framework
Northumbrian Water has completed the final contractor appointments to deliver its £3.6bn AMP8 capital investment programme.
The latest wave sees 33 firms take spots on its collaborative framework including 11 firms joining for the first time for work across the company’s Northumbrian Water and Essex & Suffolk Water operating areas.Northumbrian Water AMP8
AE Yates
GLC Projects
MGL Demolition
Absolute Civil Engineering
Gowland and Dawson
Network Plus Services
Applebridge Constructi -
Ready mix concrete giant files administration notice
London concrete supplier Mixit has filled a notice of appointment to appoint an administrator.
The firm’s ready mix lorries are a regular sight in the capital where the company used to operate as Jim’ll Mix It until it rebranded in 2015.
Mixit Concrete Ltd has been in business since 1983 with plants in Tilbury, Barking and Edmonton.Latest results for the firm for the year to September 30 2021 show a turnover of £21.8m generating a pre-tax loss of £698,000 while employing -
Construction boss in court over dodgy van deals
The director of a Leeds-based construction firm who failed to keep up-to-date accounting records and explain why his company spent more than £800,000 on over 100 vehicles has been given a suspended prison sentence.
Eugenijus Nalivaika was sentenced to 15 months in prison, suspended for 18 months, when he appeared at Leeds Crown Courty. He was also ordered to complete 250 hours of unpaid work and pay costs of £4,714.30.
The 46-year-old pleaded guilty to failing to keep accounting reco -
Expanding Caddick Group tops £500m turnover
Yorkshire-based Caddick Group lifted revenue 17% to £575m last year after a turnaround in fortunes at the construction arm.
Caddick Construction returned to profitability across all regions, helping the operation to swing from a £2m loss previously to deliver a £7.4m profit as revenue jumped 38% to £318m in the year to August 2023.
This helped the developer, rental homes operator and construction group deliver a £35.5m profit.
During the year, construction benefitte -
Structure Tone returns to profit
Structure Tone is back in the black and confident of future prospects in the London fit-out and refurb market.
The contractor’s latest results for the year to December 31 2023 confirm a £1.28m pre-tax profit compared to a £130,000 loss last time as turnover ticked-up to £134m from £121m.
Structure Tone said “the last couple of years has seen a significant improvement in both the quality, management, and close out of projects establishing a great foundation on -
Dual student towers plan for Birmingham Gun Quarter
Birmingham-based residential developer Sama Investments has unveiled plans for a dual tower scheme at a former city council office building in the Gun Quarter of the city.
The planned student scheme, known as Perryian Works, will be located at 1 Lancaster Circus and and involves building towers rising to 40 and 50 storeys.
The proposals will support the continued growth of nearby universities, with Aston and Birmingham City University only a short walk away.Plans are now out for public consultat -
Government set to fund £1bn final HS2 London tunnel drive
The Government is set to give the go-ahead for the final HS2 main tunnel drive under London to Euston station.
The project was halted as part of Prime Minister Rishi Sunak’s £6.5bn cost-cutting plan announced last October.
This involved axing phase 2 to Manchester and finding a private investor to pay for the final 5.4-mile TBM drive to the station and the redevelopment of Euston site through over-station development.
According to Whitehall sources, the Government has decided now to -
Development firm fails hitting London building team for £2.6m
The collapse of a developer behind a planned super-prime residential scheme on London’s Victoria Embankment has left main contractor Ant Yapi and consultants owed over £2.6m.
A special purpose vehicle, Doulton Development, was set up by Australian developer Thirdi to buy the existing Westminster Tower building so that it could be redeveloped into 28 luxury flats.
The SPV enlisted the professional team and last June signed up contractor Ant Yapi to advance the 18-storey project, marke -
Developer fails hitting London building team for £2.6m
The collapse of a developer behind a planned super-prime residential scheme on London’s Victoria Embankment has left main contractor Ant Yapi and consultants owed over £2.6m.
A special purpose vehicle, Doulton Development, was set up by Australian developer Thirdi to buy the existing Westminster Tower building so that it could be redeveloped into 28 luxury flats.
The SPV enlisted the professional team and last June signed up contractor Ant Yapi to advance the 18-storey project, marke -
Bidding open for £800m professional services deal
Procure Partnerships has started the race for its second-generation professional services framework for public works promising places for smaller firms.
The new professional services agreement will run for four years alongside its established national contractor framework and is estimated to be worth up to £800m.
The body has been operating and delivering successful frameworks across England for the past seven years, supporting the delivery of over 400 public sector projects.The tender doc -
G&H Group lands £20m+ M&E package from JJ Rhatigan
Main contractor JJ Rhatigan has selected G&H Group to deliver a £20m+ mechanical, electrical, and public health (MEP) design and build package at the Crown Trading Centre in Hayes.
The £109m scheme in West London on the Grand Union Canal for property manager Greystar will consist of 407 build to rent, affordable rent and shared ownership apartments, commercial spaces, amenity areas, car and cycle parking, and landscaped areas.
G&H Group’s 100-strong team will start on s -
G&H Group lands £10m+ M&E package from JJ Rhatigan
Main contractor JJ Rhatigan has selected G&H Group to deliver a £10m+ mechanical, electrical, and public health (MEP) design and build package at the Crown Trading Centre in Hayes.
The £109m scheme in West London on the Grand Union Canal for property manager Greystar will consist of 407 build to rent, affordable rent and shared ownership apartments, commercial spaces, amenity areas, car and cycle parking, and landscaped areas.
G&H Group’s 100-strong team will start on s -
Stricken road sweeper specialist rescued
Waste Management contractor Sweeptech has acquired road sweeper hire specialist Go Plant after the firm went into administration last week.
The pre-pack deal was completed by administrators from Alvarez & Marsal Europe who sold a number of depots to Go Plant saving 116 jobs.
Not all of Go Plant’s depots were sold with some shutting resulting in redundancies at the firm which employed over 400 staff.Sweeptech provides a broad range of services including waste management, high pressure j -
Amazon fires up Big-Box market with £500m job
Online retail giant Amazon has confirmed plans to build a £500m super-shed at the the giant SEGRO Logistics Park site near junction 15 of the M1.
The decision marks Amazon’s return to the Big-Box building market in the UK after expansion plans went on hold two years ago in a belt-tightening exercise.
Amazon said the new building offering around 2m sq ft will be the latest generation fulfilment centre, with three floors of robotics where goods will be stored and customer orders will b -
Costain highways lead joins Buro Happold
Costain’s key account director for National Highways Paula Gough has left the contractor to join engineering design consultant Buro Happold.
She has taken the role of UK Development Director for Infrastructure after two and a half years as part of Costain’s Highways Senior Leadership Team.
Gough will lead Buro’s infrastructure growth strategy for the UK public sector, leveraging the extensive global expertise within the business. She aims to expand and enhance key highway and r -
SRL appoints Mark Eburne as CEO
Traffic management specialist SRL Traffic Systems has appointed Mark Eburne as chief executive officer.
The seasoned CEO has 25 years’ senior leadership experience and has worked extensively throughout the utilities, hire and construction sectors. He will bring considerable commercial expertise, which will be beneficial to SRL as it continues its growth journey.
Eburne joins SRL from tool, fixings and building supplies retailer, FFX Group, where he was CEO.
He said: “I am joining SRL -
Conquip BulkX makes site excavations easier
Conquip has developed a new excavation method that significantly enhances the efficiency and safety of construction projects.
Conquip BulkX can handle large volumes of material, discharging into muck bays or directly into muck away trucks, rapidly and safely.
The Smart-Release BulkX is the latest addition that Conquip launched this year.
Fully-electric and remote-operated, this versatile system reduces plant-people interface and can be discharged in muck bays, barges, trucks or stockpiles.
The d -
Construction buyers see fastest growth for 14 months
Construction buyers reported another rise in business activity in April with commercial building work leading the way.
The bellwether S&P Global UK Construction Purchasing Managers’ Index posted 53.0 in April, up from 50.2 in March.
The index was in positive territory for the second month running and signalled the strongest pace of expansion since February 2023.Commercial building (index at 53.9) increased for the first time since August 2023 and was the fastest-growing area of constru -
Trio of builders win King’s Award for sustainability
Three construction contractors have been recognised in the King’s Award for Enterprise for their efforts in promoting sustainable development.
Northern Ireland’s Henry Brothers, privately-owned building contractor Willmott Dixon and offsite specialist ZED Pods all won recognition in the Sustainable Development category.
Willmott Dixon has been recognised in the prestigious business accolade for the second successive year after last year winning an award in the category of Promoting O -
Go Modular Technologies files administration notice
Southampton offsite specialist Go Modular Technologies UK has filed a notice of intention to appoint an administrator.
The firm specialises in bespoke modular construction from rooftop extensions to existing buildings to multi-storey new build flats.
According to latest accounts for 2023, the volumetric timber frame producer employed around 60 staff from its South Hampshire Industrial Park base in Southampton.
The business was set up six years ago operates across the south from Bristol to L
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