fbpx

Multiplex profit almost trebles as margin hits 5.5%

Multiplex Europe’s construction business delivered a bumper 2023 with pre-tax profit almost trebled to £31m as several complex London schemes reached practical completion. Turnover jumped 20%  to £675m with selective tendering helping the contractor to raise operating margin to 5.5% from 2.8% in the prior year. Multiplex’s UK managing director Callum Tuckett said the firm

Turnover at Wates tops £2bn for first time

Wates Group saw turnover exceed the £2bn mark in 2023 for the first time in its 127-year history. Latest accounts for the firm show turnover up to £2.18bn from £1.89bn last time generating a pre-tax profit of £46.2m compared to £33.7m previously. Wates also ended the financial year with a record forward order book of

VolkerFitzpatrick seals £34m Kent road viaduct

Kent County Council is pressing ahead with plans for its Sturry Link Road project near Canterbury. VolkerFitzpatrick has been confirmed for the £34m contract to build the A28 road project, which includes a 250m long viaduct. This will be built over the Great Stour River, the river’s flood plain, and the railway line from Canterbury

McAlpine set for £50m space and tech centre

Northumbria University has signed a pre-construction services deal with Sir Robert McAlpine to build the £50m North East Space Skills and Technology Centre in Newcastle. The NESST project involves construction of a 5 to 7 storey building, including partial re-use of the Wynne Jones building in Ellison Place to create a new facility. McAlpine is

Beattie Passive files administration notice

Modular housing specialist Beattie Passive has filed a notice of intention to appoint an administrator. Just 12 months ago the company went on a recruitment drive at its factory to fill 40 new construction roles at its offsite manufacturing facility in Norwich. The firm was founded more than 10 years ago by Passivhaus pioneer and

Site engineer crushed to death by excavator

A demolition and site remediation specialist has been fined £133,330 after an employee was crushed to death during site preparation work on a new housing development. James Rourke lost his life after being struck and run over by an excavator at Sarazen Gardens, Brampton on 18 November 2019. The 22-year-old site engineer had been attaching