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Subbies face wipe-out if Interserve loses crunch vote

Subbies face wipe-out if Interserve loses crunch vote

Interserve trade contractors are fearing the worst as shareholders prepare for the crunch vote this morning on the contractor’s future. If shareholders reject the rescue plan, the board has warned that lenders would instantly place the group into a pre-pack...
Dawnus collapse a “Welsh Carillion”

Dawnus collapse a “Welsh Carillion”

Subcontractors are warning that the collapse of Dawnus is like a “Welsh Carillion”. Swansea based Dawnus Construction Holdings has filed a notice to appoint an administrator and work has stopped on all of its sites across the UK. Hundreds of staff are...
Taylor Woodrow losses halve Vinci UK profits

Taylor Woodrow losses halve Vinci UK profits

A fifth year of losses at civil engineering contractor Taylor Woodrow set back recovering group profits at Vinci Construction UK last year. Group pre-tax profit halved to £10.2m from £20.5m in 2017 on stable revenue of £867m. Taylor Woodrow recorded a £14.5m loss...
Mace to steer £350m Stevenage town centre revamp

Mace to steer £350m Stevenage town centre revamp

Stevenage Borough Council has signed up Mace as its partner to lead the regeneration of Stevenage town centre. Work on the first project in the £350m scheme on the western side of the city centre could start as early as next year. City centre revamp of Britain’s...
Builders fined £900k for fatal wall collapse

Builders fined £900k for fatal wall collapse

Capstone Building Ltd has been fined £900,000 for safety offences that led to a bricklayer being killed by a wall falling on him.Capstone Building Ltd has been fined £900,000 for safety offences that led to a bricklayer being killed by a wall falling on him.Read...