Revenue was down for most of the UK’s largest ground engineering firms due to the pandemic, but the hit on profit was relatively limited. Seven of the top 10 saw revenue fall in their latest set of accounts, with a median drop of 6 per cent. The decline continues a…
Most M&E firms have managed to stay profitable throughout the pandemic, but material shortages present a fresh challenge. Seven of the top 10 remained in the black in their latest accounts, but heavy losses at the other three has resulted in an aggregate pre-tax loss of £8.2m, down from a…
The UK’s building envelope specialists saw the biggest drop in revenue last year. And the sector is braced for further challenges ahead. Eight firms in the top 10 reported a decline in revenue in their latest financial year, with an aggregate fall of £166m across the group. This was 17.7…
Revenue and profit were both down at most of the top scaffolding firms as the pandemic started to bite. “It’s very difficult out there at the moment but if there’s one thing we do know it’s that the vast majority of business in our sector are very resilient” Helen Gawor,…
In one of the most tumultuous trading periods in recent history, the UK’s largest structural steel specialists have displayed remarkable stability. Aggregate revenue for the top 10 has fallen by just £11m, with a median decline of 5 per cent. Severfield, still by far the largest structural steel specialist, even…
Steel specialist Billington has said that project delays are set to hit its profit. In a market update this morning the firm said that it had previously noted in interim results that its outturn for the current financial year was dependent on the timing of unspecified key contracts. This morning's…
HE Simm has appointed a new managing director to take charge of its engineering division in the south of the UK. Marcus Wallis has joined the family-owned MEP specialist from Phoenix ME, a London-based mechanical and electrical specialist focused on the datacentre sector, where he served as operations director for…
Job adverts for construction trades have slumped, according to recent analysis, with supply chain issues being blamed for constraining growth. The Recruitment & Employment Confederation (REC), which tracks the volume of vacancy adverts, said there were notable falls in construction sector roles during the first week of November. It blamed…
Morgan Sindall chief executive John Morgan has said the rising cost of construction materials has slowed the process of winning new work. He told Construction News that there have been some “headwinds” created in the market because of construction cost inflation. The situation has created problems when it comes to…
Steel-frame specialist Robinson Structures Limited has been sold under a pre-pack administration deal that has safeguarded around 70 jobs. The Derby-based firm appointed administrator PKF Smith Cooper on 4 November as it struggled to cope with a number of problems, including rising costs. Some of its assets have now been…
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