News

Upward turnover trajectory continues for MMC contractor

Merit factory expansion

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…

Vistry appointed to deliver 5,000 build-to-rent homes

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Vistry has won a contract to develop 5,000 build-to-rent (BTR) homes for Sigma Capital Group. The developer’s subsidiary, Countryside Partnerships, agreed a deal to develop the properties across the UK for Sigma’s BTR brand Simple Life Homes. Vistry said it would deliver the homes over the next five years “across…

Contractor forced to repay £10k after ‘fraudulent’ Covid loan

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A self-employed construction contractor who fraudulently obtained a £20,000 Covid bounceback loan has been ordered to pay back half the amount. Adam Lennard, 58, was given an eight-month jail sentence, suspended for 15 months, and ordered to pay back £10,000 to the public purse, according to a statement by the…

HS2 warned cuts to landscape spend could impact net emissions

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Any cut to HS2’s landscaping specification budget could have a “significant” impact on the rail line’s carbon-saving agenda, the mega-project’s independent design panel has warned. The money-saving potential for  via cuts to landscape specification is also “small” compared to other avenues, according to the latest biannual report published by the…

Family-run contractor expects to join £100m club

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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…

Government moots easing restrictions on demolishing new-builds

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The government has unveiled plans to extend permitted development rights for demolishing buildings and replacing them with housing. In 2020 the government introduced a rule that allowed the demolition of residential, office or industrial buildings built before 1989 without planning permission if they are replaced by a home or housing…

Khan pressed to review contracts after balcony collapse

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London Assembly members have urged London mayor Sadiq Khan to review Greater London Authority (GLA) housing funding agreements with Barking and Dagenham Council after a balcony collapsed at a Bouygues-built housing scheme.  Members of the assembly unanimously passed a motion calling for the review and also called on the mayor…

HSE investigates accident at Caddick site

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Police and the Health and Safety Executive (HSE) have launched a joint investigation after a worker was injured on a construction site near Manchester. Police and ambulance services were called shortly before 1pm yesterday (12 February) to the West Vale housing development in Oldham, which is being built by Caddick…

ISG ex-chief resigns as part of ‘planned transition’

Paul Cossell CEO ISG

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…