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Kier in shock debt restatement

Kier in shock debt restatement

Kier has revised up estimated net debt and warned it will take a £25m hit on its long-delayed Broadmoor hospital project. In a surprise statement this morning Kier revealed it had revised up its average net debt for the six months to December after revisiting how it...
Kier in shock debt restatement

Hochtief UK reveals deepening losses

The UK arm of construction giant Hochtief plunged £11m into the red in the year that managing director Sally Cox stepped down after two years in the job. Financial accounts for Hochtief (UK) Construction covering 2017 have only just been published at Companies House....
2019 Construction Enquirer Awards now open for entries

2019 Construction Enquirer Awards now open for entries

The Construction Enquirer Awards are back for 2019 and are now open for entries. Our awards are nominated by real construction people and voted for by your staff and suppliers rather than a room full of  judges. Last year more than 18,000 votes were cast for the...
Offsite group to shake-up primary school construction

Offsite group to shake-up primary school construction

A new consortium has been launched to transform the way primary schools are designed and built by using offsite construction. The Seismic consortium is managed by construction consultants Blacc and is funded by Innovate UK. The other partners are technology-led design...
Colmore Tang revenue nearly doubles to £95m

Colmore Tang revenue nearly doubles to £95m

Birmingham contractor Colmore Tang Construction delivered another year of expansion almost doubling turnover last year to £95m from £49m. The firm recently launched a social housing arm at the start of this year, adding to its fast-growing Tang Interior’s...