Supply Chain | Construction News

Steel specialist shifts to employee ownership

Ben Vogel — Mon, 04 Nov 2024 07:00:54 +0000

A steel fabricator in Kent has become the latest construction firm to make the transition to an employee ownership trust (EOT). The move took place last Tuesday (29 October), Hythe-based Nusteel Structures Ltd announced in a LinkedIn post three days later. The firm said that…

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MPs to investigate cladding remediation progress

Contributor — Fri, 01 Nov 2024 09:32:11 +0000

A high-profile Parliamentary committee has announced a probe into the government’s progress in remediating high-rise buildings with dangerous cladding. The Public Accounts Committee (PAC) said it would summon senior officials from the Ministry of Housing, Communities and Local Government (MHCLG) and Homes England to give…

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Steel supply at risk after ministers refuse to call in Chatham plans

Charlotte Banks — Thu, 31 Oct 2024 12:00:52 +0000

A key steel reinforcement supplier is “considering its next steps” after ministers declined to call in a decision to redevelop its only UK production site. Steel giant ArcelorMittal, which claims to produce 30 per cent of the country’s steel reinforcement, told Construction News in May…

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Wates targets London commercial fit-out market with new division

Ben Vogel — Thu, 31 Oct 2024 11:24:07 +0000

Tier one contractor Wates is setting up a new fit-out business headed by the former managing director of ISG Fit Out. Lee Phillips, ex-managing director of ISG Fit Out, will build and lead a team focusing on the London commercial fit-out and refurbishment market, Wates…

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Budget: SMEs protected from employer NI rate hike

Colin Marrs — Wed, 30 Oct 2024 13:27:40 +0000

The government has announced a 1.2 percentage point rise in employers’ national insurance (NI) contributions, but has taken measures to protect small businesses from the rise. In today’s Budget, chancellor Rachel Reeves said that the employers’ NI rate will increase to 15 per cent from…

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CLC: Materials constraints could scupper housing growth target

Colin Marrs — Wed, 30 Oct 2024 12:45:52 +0000

A materials shortage could stymie government plans for housing and infrastructure growth without quick action, according to the Construction Leadership Council (CLC). A statement from John Newcomb and Peter Caplehorn, co-chairs of the CLC’s Material Supply Chain Group, said that product availability was currently “good”,…

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Van Elle swoops to acquire Scottish specialist for £3.5m

Kerry Lorimer — Tue, 29 Oct 2024 12:18:53 +0000

Ground engineering contractor Van Elle has acquired Scottish piling and drilling specialist Albion in a deal worth up to £3.5m. London Stock Exchange-listed Van Elle said the acquisition, announced today, would strengthen its presence in Scotland and extend the group’s technical capabilities. The purchase of…

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External insulation supplier snapped up by multinational giant

Ian Weinfass — Tue, 29 Oct 2024 10:28:04 +0000

Denmark-based multinational Rockwool Group has announced the acquisition of Wigan-headquartered external insulation manufacturer Wetherby Building Systems. The supplier will be renamed Wetherby Wall Systems under what Rockwool Group chief executive Jes Munk Hansen said was part of the group’s expansion in the UK market. “This…

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SMEs at risk from new lease accounting rules, say tax advisors

Chris Smith — Thu, 24 Oct 2024 11:41:12 +0000

Construction SMEs need to ensure they are not caught out by changes to reporting rules on leases, a tax advisory firm has warned. Firms that do not check asset values based on their end-of-year stocktake may be unaware they could be classed as larger firms…

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Union ballots Marshalls staff for strike over ‘derisory’ pay offer

Chris Smith — Wed, 23 Oct 2024 10:00:16 +0000

Workers at a construction products firm are being balloted for strike action over a “derisory” pay offer. Unite the Union has begun balloting 300 employees at five Marshalls sites across England after rejecting a £700 pay rise for all staff for 2024. According to the…

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