Author Archives: Will Ing

Buckingham Group imploded owing more than £108m, according to its administrators. The tier one contractor collapsed earlier this month after suffering “significant and increasing losses incurred on key sports and leisure contracts due to inflation pressures”, according to a statement of proposals document written by administrators from Grant Thornton. Buckingham,…

Mace is working on revised plans for HS2 Euston station that will “meet the budget”, according to its chief executive Mark Reynolds. Speaking on the BBC’s Today programme this morning (27 September), Reynolds said the government decision in March to postpone work on HS2’s only central London station “came out…

Build UK has named Julie White as its new chair. White, the owner and managing director of D-Drill & Sawing, succeeds former ISG chief executive Paul Cossell, who stands down after less than two years. Cossell took over from former Osborne chief executive Andy Steele. White has run D-Drill &…

As the crumbling concrete hits the headlines, CN takes a closer look – and asks, what happens next? Reinforced autoclaved aerated concrete (RAAC) crashed into the public consciousness in late August when, days before the school year started, the government ordered more than 100 school buildings to be closed or…

It’s faced bankruptcy and sold its most profitable arm, but the firm is now growing again The first line of the introduction to Kier’s latest results reads: “Over the last two years, Kier has undergone a transformation.” At a glance, this claim could look wrong. The company’s share price has…

ISG has been picked for a £155m programme to deliver 780 prison places across three sites. The contractor will build Category D houseblocks with 60 single-occupancy rooms, as well as ancillary rooms, for the Ministry of Justice (MoJ) via a FAC-1 Alliance contract. ISG was selected via the Crown Commercial…

Galliford Try has reported moderate increases in profit and turnover. The contractor turned over £1.39bn in the year to 30 June 2023, a 13 per cent increase on a year earlier. Revenue at its infrastructure arm grew substantially from £441.9m to £590.8m, while growth at the company’s larger building division…

The High Court has ordered a Welsh council to pay Alun Griffiths £3.3m – and dismissed its argument for postponing payment as “spurious”. In an earlier adjudication, Carmarthenshire County Council was found to have owed £3,316,487.55 to Alun Griffiths in relation to the contractor’s work on the A48 road. Carmarthenshire…

Kier has reported a sharp increase in profit and cash. The company made a £51.9m pre-tax profit in the year to 30 June 2023, a 226 per cent increase on the £15.9m made the year before. Its adjusted profit before tax stood at £104.8m – this is the group’s profit…

The £4.52bn engineering services group formerly known as SNC-Lavalin has rebranded as AtkinsRéalis. The Canadian multinational and its better-known UK-operating subsidiaries Atkins and Faithful+Gould will all now trade under the name AtkinsRéalis. The name change is accompanied by a major rebranding, reflecting a new focus on professional services and delivery,…