A roofing contractor in Bristol has gone into administration. Davis Roofing Ltd was established in 2006 and employed a monthly average of 40 staff, according to its most recent published set of accounts, covering the 12 months to 31 March 2023. The firm had a place on two lots in…
Author Archives: Ben Vogel
Lorne Stewart reports loss amid ‘difficult’ environment
Mechanical and electrical (M&E) specialist Lorne Stewart posted a pre-tax loss last year as turnover dropped. The company’s accounts for the 2023 calendar year reveal that the Greenford-based firm posted £118.7m in revenue, down 21 per cent from £149.3m the previous year. Its turnover was similar to its 2021 figure…
Film studio cancellation hits Severfield’s bottom line
A cancelled film studio project in Hertfordshire has contributed to lower annual turnover and pre-tax profit for steel specialist Severfield. In its latest annual financial results announcement, the firm noted that the removal of the Sunset Studios project (pictured) from its order book “was the result of a client-driven decision…
Lendlease sale a sprint, not a marathon
The head of Lendlease Europe’s construction operations says he wants to find a buyer for the business “at pace” Simon Gorski is a man in a hurry. As the boss of Lendlease Europe’s construction operations, he is looking to line up a buyer for the UK business by the end…
Reform UK pushes modular and brownfield policies in election ‘contract’
Reform UK has pledged to incentivise new construction technology and brownfield development in its manifesto published on Monday (17 June). The party’s “contract” with the electorate would offer unspecified incentives for modular construction and digital technology to “speed up building”. Reform also pledged to “fast-track” planning and tax incentives for…
Council invites contractor interest in £100m primary schools tender
Worcestershire County Council has issued a tender for a new £100m design and construction framework for new primary schools. Interested firms have until noon on 15 July to bid for the 10-year New Primary School Design and Build Programme. A council spokesperson told Construction News that the contract is for up to…
Geoffrey Osborne went under owing £45.1m
Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported. In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on 30 April. Five of these…
University of East Anglia picks seven firms for framework
CN100-ranking contractor RG Carter is among seven firms selected for a £96.3m construction and refurbishment framework from the University of East Anglia (UEA) in Norwich. The UEA Contractor Framework has a baseline lifespan of three years, with the university having the option of extending it by two years. Work will…
Amey profit up despite 17% revenue slide
Amey UK saw a dip in turnover last year despite improving its tender success rate, according to the company’s latest annual accounts. Revenue at the transport infrastructure and facilities management contractor, which was ranked fifth in the CN100 2023 table of top contractors by turnover, reached £1.84bn in the year…
Envelope firm shows third consecutive year of sales growth
Durham-based CA Group improved turnover and profitability last year, according to its latest accounts filed with Companies House. Turnover for the year ending 30 September 2023 reached £117.2m, compared with £107.5m in 2021/22. This was the third consecutive year of revenue growth for the firm since a downturn related to…