Supply Chain

End conflict disputes that are ‘robbing’ value, say industry leaders

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Drawn-out lawsuits are “robbing” the construction industry of contractual value and risking countless business collapses in the process, industry leaders have warned. Leading members of the Conflict Avoidance Coalition called for clients and main contractors to work directly with the supply chain to iron out issues early rather than leave…

How contractors can realise the value of soil

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Marc Perry (pictured above left) is principal geoenvironmental engineer and Tom Henman is sustainability director at RSK Geosciences Soil is an undervalued and finite resource. At government level, its importance is somewhat understood and recognised alongside the benefits of carbon reduction, waste reduction and the delivery of biodiversity net gain…

Simm family injects £4m after losses from legacy contracts and inflation

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Directors at a family-owned mechanical and electrical specialist are pumping in £4m after legacy projects and inflation created losses. In its accounts for the 17 months to 31 December 2023, HE Simm revealed its family owners were putting their own cash into the firm and have implemented a new business…

Balfour Beatty says CEO’s nephew’s firm helps safer working

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Balfour Beatty has said that use of a digital platform co-run by its chief executive’s nephew has helped it achieve a record safety performance. The plc has been working with AI-powered platform Site Assist since 2021 to digitise and streamline permit to work procedures on its sites. Statistics provided by…

Lindner Prater firms shrink losses

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The two companies that form envelope specialist Lindner Prater have narrowed their pre-tax losses to a combined £3.1m. New accounts for the year to 31 December 2023 show Lindner Prater Ltd’s turnover remained almost flat, dropping to £60.4m from £61.8m. Lindner Prater Ltd, whose 2023 projects included Everton FC’s new…

William Hare returns to profit with £315.5m turnover

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Strong UK growth and international orders helped steel specialist William Hare Group return to profitability last year after boosting turnover by 27 per cent. The firm’s audited financial results for the year ending 31 December 2023, released to Construction News this morning (26 September), showed that revenue rose by £67.2m to…

North East cladding specialist appoints administrators

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A County Durham cladding firm has gone into administration and ceased trading, with an undisclosed number of job losses. Aluminium cladding specialist Pressed Steel Products Group Ltd (PSP Group) called in administrators from Interpath Advisory after an unsuccessful attempt to refinance the business. PSP Group invested in new manufacturing technology…

Collapsed cladding firm’s suppliers to miss out on £14.6m

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Subcontractors and suppliers that worked alongside collapsed cladding firm Jessella Ltd are not expected to receive any of the money they are owed. Administrators from FRP Advisory do not expect to pay out any of the £14.6m owed to more than 140 firms, they announced in an update yesterday (24…