construction news
Reform demands revived as nervous creditors wait on Interserve
The weekend drama at Interserve has raised the spectre of Carillion – different outcomes but similar themes.The weekend drama at Interserve has raised the spectre of Carillion – different outcomes but similar themes.Read Full Article: The Construction Index from...
Engie wins £85m West London repairs contract
Engie has been awarded an £85m repairs and maintenance contract for housing association Catalyst Housing’s west London properties. source https://www.constructionnews.co.uk/projects/contracts/engie-wins-85m-west-london-repairs-contract/10041055.article
Interserve’s lenders set to take control
Interserve’s parent company has applied for administration with the aim of the business being sold immediately to a new company controlled by its lenders.Interserve’s parent company has applied for administration with the aim of the business being sold...
Interserve files for administration
Interserve will file papers at the High Court for the parent company to be placed into administration. source https://www.constructionnews.co.uk/companies/contractors/interserve/interserve-files-for-administration/10041071.article
Interserve workers told to report for work as usual
Interserve has told its 45,000-strong UK workforce to report for work as normal on Monday. The firm has sought to reassure workers that as far as possible it will be business as usual as the director and lenders spend the weekend completing their plan B designed to...
O’Donovan invests in staff wellbeing programme
O’Donovan Waste Disposal has implemented an internal wellbeing strategy called the ‘Dynamo Welfare Project’ for its 165 employees. Research by the HSE found that workers in the waste sector statistically suffered more from work-related ill-health than other workers...
Interserve rescue plan voted down
Interserve shareholders have voted down the company’s deleveraging plans, with the firm now expected to enter administration. source https://www.constructionnews.co.uk/companies/contractors/interserve/interserve-rescue-plan-voted-down/10041059.article
Interserve to file for administration as rescue rejected
Interserve shareholders have rejected the proposed rescue plan leaving the board now set to file for administration today. Around 60% of the votes cast rejected the proposed debt for equity swap, which would have given lenders 95% of the business and left shareholders...
Dawnus Group goes into administration
Administrators from Grant Thornton took control of the the Dawnus Group today. The group employed 700 people across six regional offices and 44 construction sites at the time of administration. Alistair Wardell, Restructuring partner at Grant Thornton UK LLP said:...
Bricklayer killed by collapsing wall
A contractor has been fined £900,000 following the death of a bricklayer from head injuries when a wall collapsed on a construction site at Lyme Regis. Capstone Building Ltd went into administration six months after Thomas Telfer was killed in June 2015 when he was...
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