Author Archives: Ben Vogel

Northumberland-based offsite specialist Merit Holdings Ltd has reported strong turnover and pre-tax profit growth in its latest annual accounts. Revenue reached £94.3m for the year ending 30 June 2023, marking a 48 per cent year-on-year increase compared with the 2021/22 total of £63.7m. Turnover in 2020/21 was £41.8m. In his…

Turnover at family-run Welsh contractor C Wynne & Sons Ltd has more than doubled and is forecast to break the £100m barrier, according to its latest annual accounts filed with Companies House. Data for the year ending 31 July 2023 shows that revenue increased from £32.9m to £71.1m, generating a…

The former head of ISG resigned from his subsequent role as a non-executive director in December, the company has revealed. The news comes days after the departure of his successor as chief executive was announced. A filing with Companies House yesterday (12 February) showed Paul Cossell stepped down as a…

Turnover at Ipswich-based Barnes Group has reached £100m for the second consecutive year, according to the firm’s newly published annual accounts. Revenue for the year ending 30 September 2023 reached £100.7m, up marginally on the previous year’s £100.5m and more than 20 per cent higher than its 2020/21 total of…

Homebuilder JS Crawford Contracts (Borders) Limited has gone into provisional liquidation, following a delay to completion of a development in Melrose in the Scottish Borders. Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed on 7 February to handle affairs at the business. JS Crawford, a family-run firm, was…

Administrators have officially been appointed for logistics and warehouse specialist Readie Construction Ltd. A notice on the company website states that it is in administration and has ceased trading with immediate effect, after Constantinos Pedhiou and Gary Shankland of Begbies Traynor were called in yesterday to begin winding down the…

Confidence among UK construction firms improved in January with the latest monthly S&P Global/CIPS UK Purchasing Managers’ Index (PMI) showing that business optimism has reached its highest level for two years. The headline construction PMI rating ticked up to 48.8 in January compared to 46.8 in December 2023, with survey…

McLaren Construction ended its 2022/23 financial year with revenue of £964m, a 22 per cent increase on its 2021/22 total of £751.7m – and it expects further growth in the year to come. The latest annual financial results exceeded expectations, as McLaren had forecast full-year turnover of £878.5m in the…

Administrations continue to rise as insolvencies soar and more construction firms teeter on the brink The construction sector started 2024 with yet another year-on-year increase in business administrations. Data from Creditsafe showed that 26 firms collapsed in January compared with 15 in the first month of 2023. Just four companies…

The three months to the end of January saw the value of construction project starts plummet by 36 per cent compared with the previous 12 months, Glenigan has revealed. In its latest Construction Index update, the industry intelligence data provider added that the residential sector suffered a 34 per cent…