Hundreds of suppliers and subcontractors have been left £43m out of pocket by the collapse of Henry Construction Projects. According to the failed contractors records published by administrator FRP Advisory, more than 700 firms have been hit by the collapse of the south east tower builder. Henry also held performance bonds with a dozen surety
Steel erectors working for contractor William Hare at Hinkley have become the latest to down tools for a day at the vast nuclear power station site. The latest unofficial one-day stoppage yesterday was triggered by existing shift rotation patterns on the site. Erectors want to change the 11/3 and 10/4 rotation to a regular 10/4
Joint venture developers Property Alliance Group and Moda Living have submitted plans for a landmark £500m mixed student accommodation and life science complex in Manchester. The huge scheme will provide more than 1,100 student beds across three buildings, one rising to 42-storeys. The second element of three lower rise buildings will deliver 470,000 sq ft
Volumetric modular house builder TopHat saw losses increase as turnover fell last year. Latest results for TopHat Industries Ltd for the year to October 31 2022 showed pre-tax losses increased to £20.4 from £19.4m last time as turnover dipped to £10.2m from £12.3m. The Goldman Sachs-backed business is confident of future profits and is planning
Former Mace director Shaun Tate has been appointed Chief Operating Officer at modular construction specialist Reds10. Tate worked for Mace for 17 years and launched and ran its business unit focussed on maximising off-site pre-manufacture value and assembly. Matt Bennion, CEO of Reds10, said: “We are delighted that Shaun has joined the Reds10 team. Like
The Australian company buying collapsed car battery firm Britishvolt has failed to make its final payment to seal the deal. Recharge Industries stepped forward to buy the firm out of administration in February giving hope that stalled plans for a £300m car battery plant in Northumberland could be resurrected. But an update from administrator EY
Bellway is consulting on a round of redundancies and the closure of two divisions as the house building slump continues to bite. Sky News reported that up to 90 jobs could go among the 3,000 strong workforce with the London Partnerships and South Midlands divisions set to close. A Bellway company statement to Sky News
Housing association Notting Hill Genesis has enlisted Equans to deliver a £72m building safety upgrade to bring the Paragon estate at Brentford in West London back into use. Three years ago, over 1,000 residents at a six-block housing and student accommodation development were forced to evacuate the estate due to fire safety concerns over cladding.
Acquisition-hungry RSK Group aims to nearly quadruple its turnover to more than £5bn over the next seven years. The ambitious growth target would see its corporate family of engineering and environmental services businesses double from 200 and 400. To fund this next stage of growth, Cheshire-based RSK is looking to raise at least £500m from
Plans for a city village in Sheffield are set to forge ahead after regeneration specialist Citu submitted plans with the city council. The 23-acre urban regeneration scheme known as Attercliffe Waterside scheme will transform brownfield land either side of the Sheffield and Tinsley Canal. It will become one of the largest zero carbon communities in
