Joint administrators from Begbies Traynor have now taken control of collapsed contractor Readie Construction Limited. In a statement Begbies said: “On 06 February 2024, Costa Pedhiou and Gary Shankland, both of Begbies Traynor, were appointed as Joint Administrators of Readie Construction Limited. “Unfortunately, the Company will cease to trade immediately and the Joint Administrators will

Milton Keynes City Council has chosen GRAHAM as its contractor for the £70m Phase A of the Lakes Estate Renewal Project in Bletchley. The contract was organised through Pagabo’s Major Works Framework and will be a two-stage design and build deal. This phase of the project focuses on the construction of 183 new homes. New

Spending watchdog MPs have called on the Government for urgent decision on the start date for the last remaining phase one tunnel drive to Euston station. In a highly critical report published this morning the Public Accounts Committee warned that there are still huge uncertainties over key areas of the project that threatened to continue

The Readie Construction supply chain could be hit for at least £38m as the Essex based contractor heads for administration. The Enquirer revealed the £421m-turnover firm’s problems yesterday as staff were called into a meeting and told to look for new jobs. And analysis of the latest results filed at Companies House shows Readie owe

Britain’s biggest house builder Barratt has struck a deal to buy rival Redrow in a deal valued at £2.54bn. The all-share deal is at a 27% premium to Redrow’s present share price with each Redrow share receiving 1.44 Barratt shares under the recommended offer. Following completion, Redrow shareholders would hold just under 33% of the

Communities secretary Michael Gove has approved called-in plans to build a major new office and culture complex at the former ITV Studio site on London’s South Bank, The controversial project, which is set to be delivered by Lendlease, is being planned by Mitsubishi Estate and London development manager CO—RE. Designed by Make Architects, Project Vista

Weston Homes has axed a £300m plan to regenerate the centre of Norwich blaming the failure of the Government to support house building. Chairman Bob Weston said he was “gutted” to have to axe the 1,100 homes Anglia Square scheme after eight years of fighting and bending over backwards to bring the regeneration project to

Optimism levels among construction buyers have hit their highest levels in two years. Results from the bellwether S&P Global UK Construction Purchasing Managers’ Index in January showed a strong improvement in business activity expectations as the main index registered 48.8 – up from 46.8 in December and the highest reading since August 2023. But the

Residential and purpose-built student housing-led projects are supporting construction activity across the UK’s four major regional cities. According to the Deloitte Regional Crane Surveys, flats and student room projects are helping to offset the project slowdown in the central areas of Belfast, Birmingham, Leeds, and Manchester. Development activity remained strong in 2023 with the four

Stunned staff at Essex based contractor Readie Construction have suddenly started looking for new jobs. The Enquirer has seen a company wide email sent to Readie workers on Monday afternoon announcing that the business is heading for administration. Staff have been called-in to a meeting at the Romford headquarters of the warehouse-building specialist this morning.