Financial

John Sisk & Son has agreed to acquire Farrans Construction from building materials provider CRH. Farrans, which employs 625 people, is a Northern Ireland-based contractor operating in building and civil engineering across sectors including aviation, water and renewable energy in the UK and Ireland. The deal, which remains subject to…

The process of winding down Haydon Mechanical & Electrical is continuing, a year after the company went into administration leaving £10m in debt behind it. Jamie Playford, one of the joint administrators from insolvency practitioners Leading Business Services, has said that he was unable to conclude the administration, and is…

Administrators for specialist Malin Industrial Concrete Floors are considering issuing a claim against its former directors. The Greater Manchester-based firm, which worked mainly on laser screed flooring for major contractors including Buckingham Group and Sir Robert McAlpine, went under in February 2023. A report by Forvis Mazars, published last week,…

Family-owned contractor Heron Bros is touting further expansion after it grew its profit and turnover in the past year. The Londonderry-based contractor scored a pre-tax profit of £11.7m in the year to 31 August 2024, slightly up on the prior year’s £11.6m. Heron Bros’ turnover also rose steadily to £160.4m,…

Ardmore Construction Ltd has appointed administrators in the wake of disappointing financial results. The notice was filed at the High Court yesterday (28 August). The construction firm appointed two administrators from Begbies Traynor - Dominik Czerwinke and Jamie Taylor - and Jason Callender of Panos Eliades Callender & Co to…

Jonathan Parker is development director at framework provider Pagabo  This year’s fiscal events and ongoing policy updates highlight that the government is pushing for the progression of development, which is a welcome move. However, issues surrounding regeneration and how to effectively deliver on development goals remain hot topics – and…

Bowmer & Kirkland has acquired London-based office interiors specialist Denton as part of its strategy to expand in the commercial fit-out sector. The move sees Denton, which marks its 30th year in business, join the privately owned Bowmer & Kirkland Group. The Derbyshire-based tier one contractor reported turnover of £1.25bn…

Diversified construction group OHOB Holdings has seen an increase in pre-tax profit on the back of record turnover, its latest annual accounts have revealed. The firm posted a 3.7 per cent rise in pre-tax profit to £21.8m for the year to 31 March 2025, on record turnover of £369.3m. While…

The government has published a draft of England’s third Road Investment Strategy (RIS3), which outlines priorities for £25bn of spending on major roads.  The strategy for the Strategic Road Network, which will cover the period from 1 April 2026 to 21 March 2031, has an emphasis on maintenance and renewal…

Profit soared at VolkerWessels after a slowdown in work in the commercial sector was offset by big contracts in the marine, water and highways sectors. VolkerWessels chief financial officer Anita Harris said her firm had delivered a “strong performance” in 2024 “despite the economic challenges facing the country, which is…