The Communities and Housing Investment Consortium (CHIC) has launched procurement for a building materials supply framework worth up to £1.94bn. Running from May 2026 to April 2034, the eight-year framework will cover the supply and delivery of materials including plumbing, electrical, retrofitting, ironmongery, glazing, roofing, timber and flooring. Painting and…
Construction products manufacturer Michelmersh Brick Holdings has forecast a drop in revenue in 2025, as new government statistics underlined the firm’s warning of “a notable slowdown in the construction market”. The latest monthly data from the Department for Business and Trade (DBT) showed that month-on-month brick deliveries decreased by 4.9…
A Buckinghamshire-based envelope contractor has pushed through a £2m hit from ISG’s collapse to “sustain operational momentum”. Middlesex Facades said in its latest annual accounts that it had to write off £2m following ISG’s collapse last September, but that it secured contracts with new clients on ISG sites to see…
Chelmsford-based civils and groundworks contractor EJ Taylor & Sons Ltd has filed a notice of intention (NOI) to appoint administrators as part of a proposed restructuring plan. The NOI is designed to give a degree of financial protection to the family-run business while it markets itself with the view to…
Hercules has expanded into Scotland with a new office in Motherwell as it seeks to address “critical” labour shortages across the country’s construction and infrastructure sectors. The company, which supplies technology-enabled labour to major UK projects, said the “strategic” move would allow it to work more closely with existing clients…
Severfield has revealed a £7.6m pre-tax loss for the six months to 27 September amid an 18 per cent fall in turnover. The structural steel giant ─ ranked top of the sector in the latest CN Specialists Index ─ revealed the deficit in an interim results announcement this morning (2…
A materials manufacturer specialising in graphene that supplied services to the likes of HS2 and Balfour Beatty has filed a notice of intention to appoint administrators. Versarien plc’s board “regrettably resolved” to serve the notice to appoint administrators from Leonard Curtis, Versarien said on Monday (1 December). It followed attempts…
Stanmore has topped the CN Specialists Index for envelope contractors for the third year in a row. With revenue of £198m, it sits more than £50m ahead of its nearest competitor, Permasteelisa, which posted turnover of £146.2m. Stanmore also enjoyed the highest pre-tax profit in the top 10 – its…
The financial performance of the UK’s top 10 concrete contractors is a mixed bag. While most reported a drop in turnover in their latest accounts, most also managed to improve their bottom line. Collectively, firms in this year’s index reported a 15 per cent jump in pre-tax profit to £97m.…
Morgan Sindall subsidiary Overbury remains the runaway leader in Construction News’ second annual fit-out index, reporting revenue of £1.16bn and a 6.1 per cent pre-tax margin. Across the top 10, eight firms increased sales and boosted their pre-tax profits. Overall revenue rose by 14 per cent to £2.48bn and the…
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