Author Archives: Matthew Davies

One of the companies that supplied cladding products to the Grenfell Tower has swung back into profit and significantly increased its cash position. According to its latest accounts, Kingspan Insulation’s revenue was almost flat for the year to 31 December 2024 at £182.2m, down slightly on £186.4m the year before.…

Bouygues UK has posted a £32.3m pre-tax loss for the year ended 31 December 2024 ─ a substantial improvement on the £62.1m loss the French-owned company incurred in 2023. Turnover was 15 per cent higher in 2024 at £375.6m, but the pre-tax loss was put down to various factors, including skills…

Utilities and infrastructure contractor Network Plus Services has seen its turnover rise by 9 per cent to £584.8m in its latest annual accounts. However, the firm’s pre-tax profit fell from £31.7m to £24.5m over the period, largely due to restructuring charges and costs relatied to exiting what it described as…

Business activity in the UK construction sector fell for the eighth month in a row, according to the latest  Purchasing Managers’ Index (PMI) figures from S&P Global. Despite the decline registering a slower pace than in July, business activity projections for the year ahead were the least optimistic since late…

Civils contractor Clancy has seen its pre-tax profit for the year ended 30 March 2025 jump 34 per cent to £28m, after posting a rise in turnover from £379m to £430m. The group’s operating margins came in at 6.3 per cent, up from 5.3 per cent in the previous period.…

Northampton-based industrial and residential contractor Winvic has posted a turnover of more than £1bn for the first time in its 24-year history. Turnover for the year ended 31 January 2025 rose 6 per cent to £1.017bn, which translated into a pre-tax profit of £32.2m, compared with £18.9m in the same…

The process of winding down Haydon Mechanical & Electrical is continuing, a year after the company went into administration leaving £10m in debt behind it. Jamie Playford, one of the joint administrators from insolvency practitioners Leading Business Services, has said that he was unable to conclude the administration, and is…

Diversified construction group OHOB Holdings has seen an increase in pre-tax profit on the back of record turnover, its latest annual accounts have revealed. The firm posted a 3.7 per cent rise in pre-tax profit to £21.8m for the year to 31 March 2025, on record turnover of £369.3m. While…

Following a busy time of corporate restructuring, RG Carter Holdings has reported a 4.6 per cent dip in pre-tax profit of £12.2m for the year ended 31 December 2024, on turnover that remained largely unchanged at £248.7m. The Norfolk-based firm is a newly incorporated company that emerged from restructuring last…

Revenue from selling completed homes in developments in east and west London have boosted turnover at Mount Anvil Group, but pre-tax profit fell 37 per cent. The London housebuilder posted turnover for the 15 months ended 31 March 2025 at £359.7m, compared with £257.8m in the 12 months to the…