Seventynine Lighting, which went into administration a year ago shortly after being hit by the collapse of ISG, has now gone into liquidation. The Gloucestershire-based subcontractor owed more than £2m when it went under in October 2024. Mark Boughey and Rebecca Dacre of Forvis Mazars, who were appointed as the…
The chief executives of the Builders Merchants Federation (BMF) and Construction Products Association (CPA) have warned that challenging market conditions are leading to cutbacks in recruitment. In a statement, they said slowing activity and demand in housebuilding and the domestic repair, maintenance and improvement (RMI) market means employers are cutting…
One of the UK’s largest roofing contractors is still stuck in administration after more than four years, as the company’s listed debtors continue to dispute the amounts owed. Lancashire-based Avonside Roofing, which was originally called Lee Roofing when it was founded in 1987, went into administration in September 2022. At…
Hull-based Tucker Mechanical & Electrical (M&E) Building Services has filed a notice to appoint an administrator. According to the last set of accounts filed with Companies House, the firm had a turnover of £25.1m in the year to January 2024, down from £26.9m in the previous 12-month period. It also…
Scottish structural steelwork contractor J&D Pierce has posted a 94 per cent slump in operating profit from £12.6m to £800,000, on turnover that was 5 per cent lower in the year to the end of December 2024. In its accounts, the company said it was apparent from the outset that…
Return on capital employed is becoming a popular measure of performance in the construction sector. But what are its limitations?
Despite slow progress on ethnic diversity in the industry, Amos Simbo remains optimistic
The summer's nascent signs of recovery are set to be blown away by autumnal winds, as the UK construction industry faces a “perfect storm” in the final quarter (Q4) of 2025, according to the latest analysis from Glenigan. “If the August Review indicated that construction sector recovery was stalling, then…
Coventry-based contractor Vidi Construction has gone into administration after nearly a decade of business. The firm’s last set of full results filed at Companies House showed a turnover of £39.5m and a pre-tax figure of £519,800 for the year ended 31 March 2023. Vidi, which specialised in residential construction, refurbishments…
Construction, engineering and development group Henmead has more than doubled its pre-tax profit, largely driven by its construction activities and work in the water sector. The firm, which includes the Eric Wright Group, posted a pre-tax profit of £11.2m for the year to the end of December 2024 compared with…
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