South east contractor Ardmore Group has suffered its first loss in over seven years after being hit by supply chain inflation and subcontractor failures. This saw the business slide to a £10.8m pre-tax loss in the year to 30 September 2023 after recording a £6.5m profit in the prior year. Managing director Patrick Byrne said
McLaren Living has been chosen as preferred bidder for the £240m Minster Quarter scheme in Reading. The site will deliver 612 homes alongside a 100 bed hotel and 20,000 sq ft of commercial space in partnership with Reading Borough Council. The Minster Quarter win comes just weeks after McLaren Living revealed it will be redeveloping
Prequalification is due to get underway next month to select firms to take part in the on-going repairs and improvements to the Houses of Parliament and wider estate. The Strategic Estates team estimates the programme of essential repairs and improvements will be worth around £1.2bn covering a mix of disciplines from general major works to
Surrey based Wooldridge Contractors has filed a notice of intention to appoint administrators after nearly 50 years in business. The company specialises in groundworks, civils and contract build projects and had a turnover of £23.2m for the year to January 31 2022 generating a pre-tax profit of £1.7m. Sources close to the firm said staff
“It is heartening to see the government’s emphasis on every region.”- TV Narendran, CEO & MD Tata Steel The announcement by the Hon’ble Finance Minister to increase the capital expenditure…
The Government of India has come out with guidelines for undertaking pilot projects for using green hydrogen in the steel sector. The guidelines, named “Scheme Guidelines for Implementation of Pilot Projects for use of Green Hydrogen in the Steel Sector under the National Green Hydrogen Mission”, have been issued by the Ministry of New &
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Arunachal Pradesh Chief Minister Pema Khandu said his Government is “committed to further improving infrastructure in Itanagar to bring ease of living”. Khandu said this moment after dedicating to the people three key infrastructure projects in the Naharlagun area. “Today marks a significant milestone as I dedicated to people projects worth about Rs 70 crore,”
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In the latter half of February, Prime Minister Narendra Modi is set to visit Pune for the inauguration of the new terminal at Pune International Airport and the Metro line connecting Ruby Hospital to Ramwadi junction. The highly anticipated visit has spurred preparations from various agencies, including Maharashtra Metro Rail Corporation (Maha-Metro), Pune Municipal Corporation
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Developer Urban Vision has got the go-head from planners for a landmark build-to-rent development in Birmingham. The 100 Broad Street project will deliver 294 new homes across a 33-storey building in the heart of the city. Designed by architect Glen Howells, it is nearly half the height of an approved but never-realised 61-storey scheme by
Birmingham-based residential developer Sama Investments has got the planning green light for a flagship residential scheme at Garrison Circus in Digbeth. The scheme in Bordesley Green will deliver more than 546 homes and 710 student rooms across four blocks on a current brownfield site. This will include the development of a landmark tower of up
