Hampshire-based contractor Brymor Group Southern is seeking to enter a Company Voluntary Arrangement with its creditors. Last month, the directors laid off around 30 staff as the company restructured amid a fall off in new work. Workers affected were at all levels from directors down, with some having worked for the business for more than
Balfour Beatty told the City it is on course to meet expectations for its full year results in a positive trading update this morning. Turnover for the full year is expected to be about 5% ahead of the prior year’s £8.9bn while “underlying profit from operations from earnings-based businesses “should be broadly in line with
Aecom has hired former Costain managing director of transportation Sue Kershaw as senior vice president for its Program Management global business line. Based in Los Angeles, Kershaw will be responsible for overseeing Aecom’s transformational and complex programs around the world, providing technical leadership and strategic direction. Drew Jeter, chief executive of Aecom’s Program Management global
The finalists of the Chartered Institute of Building’s annual awards have been revealed. Eighty construction leaders and companies from across the UK have been selected for a chance to win awards including Construction Manager of the Year. The awards night was originally due to be held in October but was postponed until next Spring to
Deanestor has been awarded a contract worth over £3m to fit out the new 1,600-place Perth High School for Robertson Construction. The school is one of the first secondary schools in the UK to be built to Passivhaus standards. This will be Deanestor’s 14th contract for Robertson and it follows its successful completion of a
Construction buyers reported the biggest fall in purchasing costs for 14 years last month as the ongoing house building slump hit materials demand. The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index PMI registered 45.5 in November, down fractionally from 45.6 in October and below the 50.0 no-change value for the third month running. House
Family-run Welsh contractor Andrew Scott is targeting £90m revenue this year on the back of a record order book. The Port Talbot building and civils contractor said the £130m order book would also give the business a healthy carryover into the next financial year FY24/25. The upbeat forecast came after it posted revenue up 39%
A viaduct in Northamptonshire has become the first on the HS2 project to have all its deck beams installed as work on the project continues to ramp up between London and the West Midlands. The 163m long Highfurlong Brook Viaduct, near the village of Aston le Walls, is one of more than 50 major viaducts being
The company that rescued offsite contractor Module-AR (M-AR) Limited out of administration is planning to make nearly half the workforce redundant. The Enquirer revealed yesterday that medical offsite specialist Vanguard Healthcare Solutions had acquired the £30m turnover M-AR business after it fell into administration in late October. Administrator Begbies Traynor said the move would “safeguard
Plans for 135 eco-friendly homes in Plymouth city centre have been approved. Plymouth Community Homes has been awarded full planning permission to develop land off Bath Street in the Millbay regeneration area. The £33.5m scheme, located near the Pavilions site, involves a new community being created in the city centre offering a range of energy-efficient
