Construction is now suffering the highest number of insolvencies of any industry accounting for one in six of all business failures in the UK. According to accountant Mazars, 4,370 construction firms went bust in the year to the end of November 2023, equating to an average of nearly a dozen a day. Construction insolvencies have

Forecasters have grown more pessimistic about the outlook for this year and now warn the industry will shrink by 2.1% dragged down by the two biggest output sectors, housing new build; and housing refurb and maintenance. Just nine months ago construction was expected to see weak growth in 2024. But after several downgrades economists have

Demolition specialist Squibb Group owed £24.6m to creditors when it went into liquidation last year. An update from the Official Receiver seen by the Enquirer states “there is not a prospect of money being returned to creditors.” Directors of the failed firm told the receiver its demise was due to the impact of Covid and

The Government has wasted millions of pounds of taxpayers money backing volumetric offsite firms to produce traditional low-rise housing. An investigation by the House of Lords built environment committee said that the Government approach to modern methods of construction had been left in disarray after the high-profile failure of three major industry players. The committee

Laing O’Rourke has started consultations to cut nearly 20% of the workforce at its advanced offsite factory at Steetley in Nottinghamshire. It blamed the planned 60 job cuts on challenging market conditions delaying projects. A spokesperson for Explore Manufacturing said: “Yesterday, we informed members of our workforce at our Centre of Excellence for Modern Construction

Multiplex Construction has sealed a deal to deliver a major office overhaul project at the Broadgate Campus in London. The former 175 Bishopsgate project, now known as One Exchange Square, is being delivered for real estate manager LaSalle Investment Management on behalf of Malaysian investor Permodalan Nasional Berhad. (R-L) Existing SOM designed 1980s building and

Telford Homes has gained planning for a major multi-storey housing scheme in east London after having to revise the plan to bring it into line with new second staircase rules. Revised fire safety guidance required five of the proposed seven buildings on the Chapel Place site to be redesigned with a secondary means of escape.

Corby based groundworks specialist NRI Civils Ltd owed £4.8m to suppliers and subcontractors when it went into administration. The scale of the firm’s debts were revealed in a Companies House update after the firm went under last November. NRI had worked at a Barratt housing job in Cambridgeshire where 83 new homes are being demolished

Statom Group has appointed Paul Whelan as Managing Director. Whelan brings over 25 years of construction experience to the remediation, groundworks and RC frames contractor. He is a former Construction Director at Byrne Bros Formwork and joins Statom from the Australian Interspan group of companies where he was Managing Director. In his new role at