Financial

Vijay Merchant is a partner at consultancy BTG Advisory When construction firms face tough times, the founders or families that own them often deliberate on whether they should use their own funds to prop the business up. But before investing, they must consider what strategic and leadership changes are needed…

The UK construction arm of Netherlands-based Royal Bam has bounced back into the black with “a solid increase” in turnover and “strong” project execution. Bam Construction UK generated adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of €31.1m (£27.1m) in the year to 31 December 2025, according to Royal…

An employment tribunal has awarded more than 30 former employees of a collapsed contractor 90 days’ pay. In a judgment published on Tuesday (17 February), Employment Judge Dawson ruled that 31 people employed by Acheson Construction should each receive payouts after the firm failed to consult with them before going…

Structures specialist Kilnbridge has recorded its “best year” since its transition to an employee-owned trust (EOT), according to its founder and chairman Dermot McDermott. In accounts for the year to 30 June 2025, released this morning (18 February), the London-based firm announced a “substantial” 81 per cent increase in pre-tax…

Cardo Group has acquired Scottish contractor Trident Maintenance Services as the Welsh firm continues its expansion drive across the UK. The Cardiff-based building maintenance specialist said the deal would strengthen its position in Scotland and extend its footprint in the north of England. The transaction value was not disclosed. Trident,…

Jerram Falkus Construction Ltd has announced it is going into administration. The London-based family firm filed on Tuesday (17 February) a notice of appointment to appoint an administrator. Founded in 1884 by James William Jerram, the contractor specialised in new-build and refurbishment projects across different sectors in London and south-east England.…

A major envelope specialist and two of its subsidiaries have gone into administration, citing “inflationary pressures” and challenges post-Covid. BTG, formerly known as Begbies Traynor Group, announced on Tuesday that two of its staff have been appointed as administrators for holding company FK Group Ltd plus FK Construction Ltd and…

More construction firms collapsed in 2025 than in any other sector, Insolvency Service (IS) figures show. Almost 4,000 (3,931) became insolvent last year, accounting for 17 per cent of all cases. It is the fourth year in a row that the sector has been the worst-affected industry for insolvency. Mark…

The Financial Conduct Authority has reduced its fine on former Carillion chief executive Richard Howson after he withdrew his challenge to the punishment imposed for misleading statements he made before the company’s collapse. Construction News this morning revealed that Howson had abandoned his legal bid to overturn the interim punishment…

Liquidators for Squibb Group are still searching for £2.5m worth of plant and machinery, two years after the firm was wound up. A report from the liquidators, both from Interpath Advisory, said they had not found any more plant and machinery belonging to Squibb, a year after they first flagged…