Royal Bam

Bam Construct & Ventures moves back into the black despite construction struggles

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Bam Construct & Ventures UK has returned to profitability although turnover fell and its construction business continued to struggle last year. The Royal Bam subsidiary swung back from an £11.1m pre-tax loss in 2023 to a £3.9m profit in the year ending 31 December 2024, according to its latest full-year…

Green hydrogen momentum gathers pace with Kier trial

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Construction sites without access to mains electricity could be powered by solar and green hydrogen instead of diesel in the wake of promising results from a major sustainable energy trial. Kier is testing the viability of solar, with green hydrogen as a backup, to act as the primary power supply…

‘Significant improvement’ in UK construction drives Royal Bam performance

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Bam’s parent company has enjoyed a profit boost in the first quarter (Q1) of the year, helped by a “significant improvement” in the performance of its UK construction arm. In a trading update this morning (8 May), Netherlands-based Royal Bam said Bam Construct was one of the “main drivers” for…

Bam sorry for delayed Scottish leisure centre

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Bam has apologised for “technical issues” that have delayed the opening of a £36m leisure centre in Scotland. The contractor said it was working on repairs to Blairgowrie Recreation Centre after a second leak was found from its swimming pool. Bam started work on the scheme in June 2023 and…

HS2 faces multimillion-pound hit after planning permission rejection

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A planning decision to block HS2 from upgrading a crucial farm lane in Wendover could push up its costs by “tens of millions” of pounds, it has said. The response came as Buckinghamshire Council refused planning permission for an underground chamber and ditch, as part of HS2’s Wendover Green Tunnel…

Bam scoops £100m Broadgate tower upgrade

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British Land has appointed Bam to deliver a £100m overhaul of a skyscraper in the City of London. The developer named the contractor for its "green transformation" of 34-storey Broadgate Tower near Liverpool Street station. Bam beat Wates, 8Build and McLaren to the job, according to data intelligence provider Glenigan.…

Bam loses £6m after Lonsdale collapse

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Bam Construction was owed £5.8m by mechanical and electrical (M&E) specialist Michael Lonsdale when it went under, it has emerged. Michael Lonsdale Ltd, the holding company of Michael J Lonsdale Ltd, went into voluntary liquidation in January 2024. The entity is set to be wound up imminently and a final…

Graham and Bam to build £671m Belfast hospital 

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A joint venture (JV) between Graham and Bam Ireland has been appointed to build a £671m children’s hospital in Belfast.  The project at Royal Victoria Hospital will be undertaken by the Northern-Ireland based Graham and Bam Healthcare Partnership (GBHP). The 10-storey hospital will have 155 beds – 80 per cent…

Bam Construction suffers £40m loss after Co-op Live problems 

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Bam Construction made a loss of more than £40m last year after the Co-op Live Arena in Manchester went at least £85m over budget.  A full-year results announcement, published this morning (13 February) by Netherlands-based parent firm Royal Bam, show the group’s UK construction business made a loss of €48.3m…

Costain tops December league table with HS2 work

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A single mammoth contract for HS2 work propelled Costain to the top of December’s league table, according to construction industry data specialist Glenigan. Work will begin in the first quarter of the year on the £400m job to deliver critical lineside mechanical and electrical systems for the high-speed rail link.…