Hampshire-based enabling works and demolition specialist R Collard has seen a fall in pre-tax profit despite boosting its turnover by 5 per cent. The family-run firm posted revenue of £42.6m for the 12 months to 31 December 2024, up from £40.6m the year before. However, its pre-tax profit slumped by…
Permasteelisa Group chief operating officer Lee Marks and chief people officer Nathalie Lion are to leave the contractor this month. The pair will depart as part of a revamp of the management structure, the facade specialist announced today (22 September). Marks joined the firm at the start of 2023, according…
The cost of a road-improvement project in the South West has rocketed by £70m in 18 months, it has emerged. A report to Gloucestershire County Council’s cabinet last week reveals that the M5 Junction 10 upgrade scheme has risen to £363m due to delays, planning requirements and inflation. The project,…
Sixty Carillion companies are unable to pay unsecured creditors a penny, a “stark” report has revealed – more than seven years after the construction giant collapsed. Accountancy firm PwC, appointed as a special manager to help liquidators wind up the tier one contractor, today published an anticipated distribution schedule that…
A long-awaited overhaul of a waterfront project in Northern Ireland could cost more than double its original estimate, a council meeting has been told. Ards and North Down councillor Chris McCracken said the price of the Queen’s Parade regeneration project in Bangor could end up in excess of £100m. A…
Overbury’s project to refurbish a London office tower for US bank Citi is set to cost £1.1bn, the client has revealed. The bank disclosed the extent of its investment in the scheme at 25 Canada Square ahead of US president Donald Trump’s state visit to the UK this week. In…
Recovering value from failed contractor Acheson Construction could take until 2027, administrators have warned, as they revealed that the collapsed firm owed £10m. Grant Thornton, which took control of the Dorset company in February this year, has applied to extend its administration period to a total of 24 months. Acheson…
The chief executive of building-control firm Assent has stepped down from his role, Construction News has learnt. Companies House records show that, in the last week of July, Iain Thomson resigned from his director position at 17 linked firms where he was listed as CEO. These included Assent Building Compliance,…
Every floor of Grenfell Tower will take a month to deconstruct, the government has revealed, as extraordinary care is taken with the handling and disposal of materials from the tragic building. The Ministry of Housing, Communities and Local Government published details of how the west London structure would be demolished.…
Transport for West Midlands (TfWM) has launched an investigation into “issues” with ground close to a construction work on a major tram extension, amid reports of garden collapses and cracked walls. The organisation, which is delivering more than a £1bn of works on the regional network, is looking into the…
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