Author Archives: Ben Vogel

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…

Buckingham Group was the highest-profile casualty in September as business failures increased by 40 per cent year-on-year The three months from July to September saw 101 construction-company administrations – a record quarterly total since Construction News began publishing monthly data from Creditsafe in January 2020. The September total of 28…

DEMOLITION HIKE Turnover grew 6.5 per cent last year at Morrisroe Demolition, the firm formerly known as Cantillon, according to annual results released in August. The demolition and groundworks specialist generated pre-tax profit of £1.3m from revenue of £34.6m for the year ending 31 October 2022. Company director Brian Morrisroe…

This month sees Construction News publish its annual CN100 table of the top UK contractors. The headline figures set a bullish tone – firms in this year’s list saw their aggregate revenues reach an all-time high of almost £71bn, while pre-tax profits and margins are broadly back to where they…

A contractor that carried out projects worth up to £15m has fallen into administration. Westridge Construction Ltd filed a notice of intention to appoint administrators on 12 September – now a new notice confirms that Vincent Green and Steven Edwards of Crowe UK were appointed as administrators three days later.…

Despite continued economic turmoil, the release of pent-up demand got the industry back on track, with combined turnover and profit both surpassing pre-Covid levels Remember 2019? At the time it seemed chaotic, with the UK construction sector – along with the rest of the business community – facing a lack…

A new episode of First Site, Construction News’ monthly podcast sponsored by equipment-hire specialist Speedy Hire, was released this morning (20 September). To coincide with the release of our latest annual CN100 index of top-performing UK contractors*, CN deputy editor Ben Vogel is joined by two experts to discuss financial…

St Helens Borough Council and the English Cities Fund (ECF) have picked Vinci Building as the main contractor on a town centre redevelopment scheme. Under a new contract, worth about £90m and hailed by the project partners as “the largest-ever single investment in St Helens”, Vinci will lead an effort…

Turnover, pre-tax profit and margin have risen above pre-pandemic levels for the UK’s top contractors, the 2023 CN100 list reveals.  Aggregate revenue for the companies in the 2023 list approached £71bn, while average pre-tax profit rose by 25 per cent. Average profit margin outstripped its 2022 level with a year-on-year…

A £64m-turnover contractor based in East Sussex has filed a notice of intention to appoint administrators. Catsfield-based Westridge Construction Ltd made the move on Tuesday (12 September) and retained Cripps as legal counsel. Construction News approached Westridge Construction for comment yesterday afternoon (12 September), but received an automated message that…