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Avant Homes makes £109m loss

Regional house builder Avant Homes has racked up pre-tax losses of £108.9m from a turnover of £500m. Latest accounts for the firm’s holding company for the period to June 30 2023 reveal a string of exceptional items associated with building safety measures and costing errors on previous developments. Finance costs for loans also racked up

Welsh fit-out specialist files administration notice

Cardiff-based office fit-out and interiors specialist Paramount D&B has filed a notice of intention to appoint an administrator. The specialist contractor operates across Wales and the south west, employing around 50 staff out of its Cardiff and Bristol offices. Established over 30 years ago, Paramount delivers office design and fit-out services as well as construction

Historic facade contractor goes into administration

Leading Scottish façade specialist Charles Henshaw & Sons Ltd has fallen into administration. The Edinburgh based firm was founded in 1904 and employs 72 people offering full design, fabrication, supply and installation of building façades across various sectors, including commercial, residential, and public buildings. The company has recently experienced financial pressures from additional costs in

Spencer lands civils package on £300m energy plant

Spencer Group has been awarded a £23m contract to design the site layout and deliver the enabling works and civils for the UK’s first commercial scale liquid air long duration energy storage facility. The £300m development by Highview Power at Trafford Energy Park in Carrington, Manchester will store surplus electricity generated from wind and solar

Domis founder Lee McCarren steps down

Salboy-owned contractor Domis has announced the retirement of co-founder and managing director Lee McCarren after seven years. Kingsley Thornton, currently director at £150m turnover Domis takes over his role with immediate effect. McCarren, aged 54, set up Domis in 2017 after leaving now defunct building contractor Forrest where he was then chief executive. To date,