Supply Chain

Ground engineering contractor Fugro GB Marine has reported a pre-tax loss of £8.2m for 2022, despite a 35 per cent spike in turnover. The loss, included in the firm’s accounts for the year to 31 December 2022, represents a drop of more than 300 per cent compared with Fugro GB…

Essex-based scaffolding, formwork and materials provider Peri Limited has posted decreases in turnover and profit for 2022, although the firm was still able to broaden its pre-tax margin. In its annual financial results for the year ending 31 December 2022, the company reported a 7.6 per cent fall in turnover…

Halsion grew its turnover and saw its pre-tax profit more than double in its latest set of financial results, although this was partly due to an extended reporting period covering the 18 months ending 30 September 2022. The mechanical and electrical (M&E) specialist reported a £7.3m pre-tax profit in its…

Price inflation has stabilised across the industry, according to the Construction Leadership Council (CLC) product availability group. However, smaller firms especially should still expect to feel the squeeze for some time, it added. In its latest statement the body said that most material availability has now returned to pre-Covid levels,…

Billington Holdings Plc posted a pre-tax profit of £4.6m for the first half of the year, up from £1.3m for the equivalent period in 2022. The Barnsley-based group of structural steel and safety-solutions companies attributed its performance to the softening of energy price rises and the falling price of steel.…

ISG failed to deliver a £21.6m college in West Sussex before the start of term due to labour-supply issues, a council meeting has heard. The contractor was set to deliver the 100-pupil-capacity Woodlands Meed College building, for students with special educational needs, in time for the start of the new…

Major installer bodies have launched a coalition body that is working on a plan to address the green-skills crisis. The new Engineering and Building Services Skills Authority (EBSSA) will bring together existing members of engineering-services alliance Actuate UK with other bodies, including energy-infrastructure-technologies trade association BEAMA and the Chartered Institute…

Will new regulations be enough to reduce the fire-safety risk posed by cavities in modular built structures? Ian Weinfass reports More than eight months have passed since fire-service bosses published a five-page document outlining a litany of concerns about modular buildings. Their warning came a year after structural safety-reporting body…

Two leading trade bodies have thrown their support behind Construction News’ payment survey and called on specialist contractors to share their experiences of being paid. The anonymous survey asks subcontractors about the terms and timings of payments from tier one contractors, as well as issues relating to discounting and retentions.…

The winners of this year’s Construction News Specialists Awards were revealed tonight in a gala ceremony at the Hilton Metropole, London. Specialists were recognised across 21 categories at the event, which was attended by about 600 people and hosted by ex-England rugby international Ugo Monye. AR, The Enabling Partner picked…