Author Archives: Ian Weinfass

Kier has more than doubled its net cash, it revealed in a trading update on Thursday morning (18 July). At the end of its latest financial year, for the 12 months to 30 June 2024, the contractor’s net cash hit £165m, up from £64m in 2023. The update continues the…

Permasteelisa has landed the facade package on the £300m Salisbury Square development on Fleet Street in the City of London. The buildings, also known as the Justice Quarter, will serve as a new court and City of London Police headquarters. Mace is the main contractor on the job, and Keltbray…

Costs have risen on the main civils works of HS2 in the south of England. Skanska revealed in a stock market statement on Friday that it is set to receive an extra £50m for its role on the southern section of the megaproject after agreeing changes to its scope of…

Charles Henshaw & Sons has filed for administration after 120 years of trading. Directors of the Edinburgh-based envelope specialist blamed issues with legacy contracts and main contractor delays on new project starts for causing it to become loss-making. Administrator Shona Campbell at Henderson Loggie is seeking a buyer for the…

A joint venture involving Morgan Sindall’s development arm is in line to regenerate Wolverhampton city centre. City of Wolverhampton Council is set to enter into a development agreement with ECF, formerly known as the English Cities Fund, for the £50m programme. ECF comprises Homes England, Legal & General and the…

Galliford Try has said its turnover is set to exceed £1.64bn in its latest financial year. In a trading update for the 12 months to 30 June 2024, published this morning (11 July), the contractor said its turnover would be above the upper end of current analyst forecasts. These are…

The director of a building contractor has been fined after he hit an employee while reversing a lorry. Peter O’Hare, who is both a director and worker at County Down-based Peter O’Hare Ltd, caused an employee to suffer “serious crush injuries” in the incident, which took place in November 2022,…

Is a looming legal time limit behind a rise in defect claims relating to long-completed schemes built under private finance intiatives?  In autumn 2021, North Kent Police Station’s geothermal heating system broke down. Almost three years later, the administrators of the company holding the station’s private finance initiative (PFI) brought…

ISG is in line for a £13.9m hit following the liquidation of one of the UK’s largest envelope specialist brands. Private equity-backed Clarison Group was renamed TGCL 2024 Ltd at Companies House in March and filed a notice of liquidation this week. £85m-turnover Clarison was formally launched in 2021, joining…

Stanhope has been invited to talk to City of London Corporation officers about further revisions to its 73-storey skyscraper plans following concerns from neighbours, including insurance giant Lloyd’s of London. The City of London’s planning committee was recommended to approve the updated proposals for 1 Undershaft, which include more than…