Modular specialist MTX Contracts has reported a 13 per cent increase in revenue to £129m. The Cheshire-based building firm also saw its pre-tax profit rise from £5.1m to £6.8m, earning a profit margin of 5.3 per cent, during the financial year ending 31 August 2024. The group, which uses modern…
NHS England is seeking 10 contractors to join a £37bn framework to deliver dozens of new hospitals. Last month, the government announced plans to build or redevelop 34 new hospitals between 2025 and 2039, with projects divided into three five-year “waves”, as part of the revamped New Hospital Programme (NHP).…
The extent of losses racked up by modular builder TopHat have been laid bare, after the firm confirmed it ceased trading before Christmas. The Derby-based company published two sets of accounts last Thursday (16 January), showing that it plunged £53.8m into the red in the year to 31 October 2023.…
Balfour Beatty has agreed to sell rail-infrastructure data-analysis business Omnicom to Hitachi Rail. The value of the sale, which will see more than 100 staff switch employers, is not being disclosed. A Balfour Beatty statement on Friday (17 January) said the acquisition would help the business expand beyond the UK…
Balfour Beatty, Kier, Bam and Ferrovial are among those in the running to work on a world-leading prototype nuclear fusion power plant. As part of a £410m investment from the government to boost the UK fusion sector, the Spherical Tokamak for Energy Production (STEP) facility will be built at the…
Scottish affordable housing specialist Connect Modular has appointed administrators. FRP Advisory partners Michelle Elliot and Callum Carmichael took control of the Cumnock-based modular housebuilder on 6 January. They also took control of related company Hope South West Ltd on 7 January, according a statement from to FRP. The administrators said…
The UK government’s competition watchdog has turned to artificial intelligence (AI) to tackle the “significant risk” of bid rigging. Competition and Markets Authority (CMA) head Sarah Cardell said the body was trialling an advanced tool in an attempt to catch companies distorting contests for public sector work. Last month, the…
Contractors are being invited to bid for an acute hospital new build scheme in Jersey. The Government of Jersey has started the process for awarding the contract to build the new facility at Overdale, St Helier. Jersey has not revealed the cost for the scheme, but the Government of Jersey…
Taylor Woodrow has won a civils works package on the £4bn East Anglia 2 offshore windfarm. The client, Scottish Power Renewables, announced the award today (12 December). Vinci-owned Taylor Woodrow’s work on the scheme will include highway improvement works as well as landscaping and screening. The value of the contract…
Two newly published reports have called for more research into the fire-safety performance of volumetric modular construction. In a report commissioned by the government, researchers at Harlow Consulting and Edinburgh Napier University warn that there is no standard fire-test method that is directly applicable for volumetric construction. It says that…
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