Supply Chain

Collapsed firm boss banned as director over unfinished work

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The boss of a collapsed Essex construction firm that failed to complete more than £300,000 of work has been banned as a director for eight years. The Insolvency Service announced yesterday (21 October) that Samantha Fairweather had been barred with immediate effect, after taking money as a deposit for work…

John F Hunt becomes employee-owned

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Demolition specialist John F Hunt Group has announced its sale to an employee-ownership trust (EOT). Equity in 19 of the group’s 21 companies is to be transferred to the new trust. Morris Machinery and generator supplier John F Hunt Power are excluded from the deal. Financial details of the transaction…

Contractors step up modern slavery surveillance

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Construction firms are stepping up efforts to tackle the problem of modern slavery gangs targeting sites. A coalition of tier one firms and labour agencies have warned vulnerable people are being exploited in the industry’s supply chain despite the requirements of the Modern Slavery Act 2015. Awareness campaigns are being…

Administrators halt debt pursuit in collapsed contractor case

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Administrators of a £68m-turnover collapsed fit-out specialist have suspended their collection of outstanding debts following months of painstaking work. Following “several months of pursuing the remaining debts with no significant developments”, administrators for fit-out specialist Twenty 1 Construction have decided to suspend that work after advice that it would not…

Vinci groundwork firms flag revenue drop-off

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Turnover is falling this year at two ground engineering firms owned by a subsidiary of French multinational Vinci. Geotechnical specialist Bachy Soletanche and its subsidiary, piling specialist Roger Bullivant, are both on course for reduced activity levels in 2024 - according to accounts published on Monday (14 October). Bachy Soletanche…

Anglian Water reveals winners in £200m maintenance alliance

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Anglian Water has revealed the contractors that will deliver its next maintenance contracts. The firm named the four companies to deliver its water-recycling infrastructure maintenance repair (IMR) work as part of asset management period 8 (commonly known as AMP8), for 2025-30, and in the process secured about 7,500 jobs for…

‘Milestone’ law introduced to force retentions reporting

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Large construction companies will be forced to report the proportion of retention sums they withhold from suppliers under legislation introduced this week. The new reporting requirements, which aim to “encourage improved payment practices”, have been enacted through a statutory instrument laid before Parliament, business secretary Jonathan Reynolds announced in a…

Interiors firm eyes design-and-build market after profit boost

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A fit-out firm has revealed plans for its design-and-build team to drive business expansion after announcing a £3m pre-tax profit. London-based BW Interiors said the team, which was launched in 2023, will “drive engagement in that particular market”, after it boosted profit in 2023. The firm focuses mainly on the…

Buckingham claims triple to £300m with more to come

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Buckingham Group’s supply chain claims have nearly tripled to £300m, with worker tribunal claims set to push the total even higher, according to administrators. The tier one contractor went under last September as it was hit by “significant cashflow pressures” and a number of legacy issues. The £665m contractor’s demise…