Author Archives: Matthew Davies

AI-based technology to cut carbon emissions from cement production has made it through to the second round of the government’s Manchester Prize. The Manchester Prize is a challenge from the Department for Science, Innovation and Technology (DSIT) that rewards UK-led breakthroughs in AI. The winner will scoop a £1m grand…

Willmott Dixon moved back into the black last year after securing recoveries from third parties of £34.1m related to cladding remediation work. In its latest set of audited accounts, for the year to 31 December 2024, the tier one contractor posted a pre-tax profit of £26.8m. This compared with a…

Modular construction firm Elements Europe has fallen into administration with the loss of 141 jobs. The Telford-based firm specialises in offsite volumetric design and manufacturing of room modules and bathroom pods for use in residential developments, student accommodation and hotels. Interpath announced yesterday (4 June) that Sam Birchall and Steve…

Glasgow-based civil engineering company Luddon increased turnover by 8.9 per cent to £157m in the year ending 31 August 2024. “Gross profit and net profit margins remain healthy,” the company said, which led to a 12.6 per cent rise in pre-tax profit to £4.1m. In a strategic report accompanying the…

West London-based mechanical and electrical (M&E) specialist Lorne Stewart has narrowed its pre-tax loss from £2.4m in 2023 to £1.6m last year, its latest financial results show.  However, the firm posted lower turnover of £101.6m in its latest accounts for the year to 31 December 2024, compared with £118.7m in…