The former finance chief of Carillion has been banned from being a company director for 11 years. Zafar Khan has been hit with the ban by the Insolvency Service. A spokesperson said: “The Insolvency Service, acting on behalf of The Secretary of State for Business and Trade, has accepted a disqualification undertaking from Zafar Iqbal
Civils and construction specialist Careys is looking to bounce back from a “turbulent” year which saw the main contracting business record a £35m loss. Accounts filed for parent company Araglin Holdings Ltd for the year to September 30 2022 show a record pre-tax profit of £30m from a turnover of £366m bolstered by a £65m
Lendlease has announced that the head of its Italy and Continental Europe business, Andrea Ruckstuhl, has become new CEO of its overall European operations. He takes over from CEO Europe, Neil Martin, who retires this September. Joining the company in 2005, Ruckstuhl has more than 25 years’ real estate experience – including more than 18
Offsite specialist McAvoy has signed off a £37.5m deal to build a new eight-form secondary school building to be located in Grays, Essex. Work on the new Orsett Heath Academy is set to start on site this August. The project suffered a major delay moving to construction as a result of the collapse of offsite specialist
Manchester demolition contractor PP O’Connor has clinched the job to blow down the cooling towers at Warrington’s iconic Fiddlers Ferry power station. The first stage of demolition will include the phased demolition of the coal stock yard, four northern cooling towers and some of the former administrative buildings to the north of the site. It
Modular house builder ilke Homes has been placed into administration after failing to find a buyer for the business. Clare Kennedy, Joint Administrator and a Partner & Managing Director at AlixPartners said: “This is an incredibly difficult time for all associated with ilke Homes, and in particular its employees, who have worked tirelessly alongside management
Contractors working on the £4.1bn Thames Tideway project will still get paid whatever happens to debt stricken client Thames Water. The company told the Enquirer that the massive infrastructure project will not be hit by the doubts over its financial future. A debt mountain of £14bn has left Thames Water on the brink of possible
The chief of one of Scotland’s largest independent house builders stage a one-man protest yesterday featuring an eight foot snail to highlight the slow pace of planning at Stirling Council. Sandy Adam, Chairman of Springfield Properties’, has challenged Stirling Council on the considerable delays by planning officials to progress housing at Durieshill. He said Springfield
Costain has struck a deal to cut payments to the company’s pension scheme releasing more cash to invest in operations. Monthly payments to the defined pension scheme had increased to an annual payment of nearly £12m, paid in monthly instalments. But a new deal reached with pension trustees will see the payment cut to £3.3m
The first of 38 French-made steel beams that will be used to construct the UK’s first ‘double composite’ structure viaduct have arrived at HS2’s Wendover Dean site in Buckinghamshire. Manufactured by Eiffage Metal 560 miles away at a specialist facility in France, each of the 25m long steel beams are being transported on the back
