Shed and multi-room building contractor Winvic restored profitability this year after suffering losses on prepandemic-bid jobs in the prior year. Revenue in the year to January 2024 fell 21% to £959m but the firm managed to ride out tough market conditions to deliver an 80% uplift in pre-tax profit to £19m. Managing director Simon Girardier
London builders and timber merchant Hitchcock & King has fallen into administration. Steve Absolom and Nick Holloway from Interpath Advisory are now in control of Hitchcock & King Enterprises Limited. Hitchcock & King has been trading for over 50 years and operates from six sites across London in Ashford, Burgh Heath, Fulham, Hammermsith, Streatham and
Sir Robert McAlpine slumped to £110m operating loss and tumbled below £1bn revenue in a torrid year to October 2023. The extent of contract losses emerged after assessing end-of-life positions of price-based contracts, which completed in 2023 or are due to complete in 2024. Revenue also fell 19% to £881m amid a slowdown in the
Taylor Wimpey has been forced to increase provisions for expected fire safety work after an escalation in costs on recent tenders. The house builder had previously set aside £245m to cover the full fire safety remediation of its building portfolio. But this morning Taylor Wimpey said the expected cost had now soared by over a
Permasteelisa Group has been appointed by Multiplex to deliver the bespoke curtain wall of the new Holborn Viaduct building in the City of London. The design phase is currently ongoing at Permasteelisa’s design centre in Italy, where the bespoke elements of the façade will also be assembled in its specialist manufacturing facility. The installation phase
Berkeley Homes is returning to the land buying market after more than a two-and-a-half-year pause. Famed for its track record of calling the house market correctly, Berkeley said it had taken the decision to restock land as part of a series of measures to rise to the new Government’s challenge to build more homes. Chief executive Rob
Deputy Prime Minister Angela Rayner has announced a set of radical reforms to overhaul the planning system and set new, mandatory housing targets to pave the way to deliver 1.5m more homes. The government shake-up of planning rules could see councils in England forced to build on low-quality green belt sites to meet mandatory house
The John Lewis Partnership has got the green light to transform a Waitrose site in South London with 353 new rental homes above a modernised store. The London Borough of Bromley agreed the plan, which will see a 24 storey tower built containing build to rent homes for local people. It is the first time
Materials giant Forterra said its latest round of brick price rises has failed to stick. Forterra announced its latest round of price hikes at the start of this year. But in a half–year results announcement to the City today the firm said: “Selling prices remain relatively stable with competitive market conditions restricting our ability to
GMI Construction has bagged the job to deliver a landmark Premier Inn hotel in Manchester City Centre. Construction work at the Rochdale Road site on the edge of Manchester’s Northern Quarter is expected to start in September. The 229-bedroom Premier Inn hotel will be set over 10 storeys with an integrated restaurant, bar, and check-in
