Ringfenced project bank accounts (PBAs) should be extended throughout the construction supply chain to “eliminate” payment-related mental health issues, a white paper has argued. A two-tier PBA system would offer not only financial but also psychological protection to small and medium-sized construction businesses that are the backbone of the industry,…
Author Archives: Ben Vogel
‘Strong’ execution helps Bam Construction UK back to profit
The UK construction arm of Netherlands-based Royal Bam has bounced back into the black with “a solid increase” in turnover and “strong” project execution. Bam Construction UK generated adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of €31.1m (£27.1m) in the year to 31 December 2025, according to Royal…
Profit and turnover surge powers ‘best year’ for EOT Kilnbridge
Structures specialist Kilnbridge has recorded its “best year” since its transition to an employee-owned trust (EOT), according to its founder and chairman Dermot McDermott. In accounts for the year to 30 June 2025, released this morning (18 February), the London-based firm announced a “substantial” 81 per cent increase in pre-tax…
Manx government seeking to recover ferry terminal build costs
The Manx government is seeking to recoup some of the cash it spent on building the Isle of Man ferry terminal in Liverpool. But the main contractor on the job, John Sisk & Son, has said there is no “ongoing dispute” over the contract. Sisk’s comment came after the island’s…
Severfield workers set to strike over lack of pay rise
More than 100 workers have voted to strike at Severfield’s Bolton site after being denied a pay rise, trade union GMB has announced. It said that more than 90 per cent of GMB members employed as welders, platers and machine operators have backed industrial action at the company’s Lostock facility.…
Sports modular specialist appoints administrators
A family-run modular business in Yorkshire that specialised in football projects has fallen into administration. Mockba Ltd – trading as Mockba Modular – called in administrators Carrie James and Simon Carvill-Biggs of Oury Clark, according to a notice on the official Gazette site last week. Ossett-based Mockba Modular was established…
Ardmore loss quadruples amid problem jobs and contracting arm collapse
Ardmore Group Ltd has plunged deeper into the red amid losses on legacy jobs and the collapse of its contracting arm following a “significant” adjudication award. The release of audited accounts for the year to 30 September 2024 – following a four-month delay – showed the group’s pre-tax loss quadrupled…
Rescues offset January business failures
Administrations in the construction sector fell in January for the second consecutive month, while a number of firms were rescued after administrators stepped in. The January 2026 total of 16 collapses still marked a year-on-year increase compared with the 10 failures recorded by Creditsafe in January 2025. There were 28…
FK Group firms delay appointment of administrators
Envelope specialist FK Group Ltd and two of its subsidiaries have staved off administration for up to an additional two weeks after filing new court notices. Erroneous reports last month in trade, regional and national press outlets said that FK Group Ltd, FK Construction Ltd and FK Facades Ltd had…
Bowmer & Kirkland tops monthly league again after lengthy wait
A student accommodation job in Newcastle upon Tyne has helped Bowmer & Kirkland reach the summit of the first monthly league table of 2026. The firm did not appear in the December top 10, and January was the first time since April 2023 that it topped the table. The Derbyshire-based…