VolkerWessels

VolkerWessels boosts profit as civils work reaps rewards

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Projects in the infrastructure and entertainment sectors have delivered a “very strong performance” for VolkerWessels. The contractor, which operates across the construction industry, tabled a pre-tax profit of £38.6m in the year to 31 December 2023, up from £37.7m. In its accounts, released today (1 October 2024), the firm said:…

Scottish rail reveals £1.4bn worth of deals

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Five contractors including VolkerRail have landed deals worth a total of more than £1.4bn to upgrade Scotland’s rail infrastructure. The contractors were confirmed this morning (13 August) by Network Rail Scotland under a new framework covering buildings, civils, structures, earthworks, drainage, and signalling and power projects. All of the contracts…

VolkerFitzpatrick wins £19m Surrey bridge contract

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VolkerFitzpatrick has been awarded a £19m contract to build a highway bridge over a rail line in Surrey. The Ash Road Bridge project will allow for the decommissioning of a level crossing on the A323 Guildford Road ahead of increased rail use on the North Downs line. The Ash Level…

Bumper warehouse project pushes contractor to top league spot

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Winvic soared to top spot in the November leagues thanks to a £266m warehousing job in Swindon. The job, to demolish a car manufacturing plant formerly belonging to Honda and build a 672,000 square metre warehouse in its place, pushed it well beyond its nearest competitor, according to data gathered…

Firm ‘harassed’ woman after she filed complaint against manager

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A judge has rejected an attempt by VolkerRail to overturn parts of a ruling that it harassed and victimised a female employee after she made an allegation of sexual harassment against her line manager. Last year, a tribunal found that senior managers at the company had failed to deal properly…

VolkerWessels warns of ‘economic headwinds’ despite return to profit

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VolkerWessels UK has warned that high material and labour prices have created “economic headwinds of significant increases” in prices. In its results for the year ended 31 December 2021, the firm said the speed of decision-making in government had held back some projects. It has interests in rail, highways, building…

Morgan Sindall takes top league spot with Kent manufacturing hub

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Morgan Sindall has been propelled to the summit of the contractors’ league table for March by a £75m deal to develop a manufacturing hub in southern England. The 60,000 square foot facility, which is being developed at Kent Science Hub in Sittingbourne, will support cannabis-based medicines developed by Irish pharmaceutical…

VolkerWessels blames £6m loss on problem jobs and COVID

Alan Robertson CEO VolkerWessels UK

VolkerWessels has blamed the £6.4m loss it incurred in 2020 on disruption caused by COVID and a number of problem jobs. VolkerStevin, its engineering subsidiary that focuses on the water, energy and defence market, had a “small number” of problem jobs, the group said. The jobs were ongoing in 2021…

Galliford and VolkerWessels join CLC net-zero programme

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Another 11 firms, including Galliford Try and VolkerWessels, have joined the Construction Leadership Council’s (CLC) carbon reduction programme. Launched in March this year, the CO2nstructZero industry change programme brings together firms to act as “business champions” for carbon reduction in the construction sector. The 11 new firms to sign up…

VolkerWessels profit boosted by HS2 go-ahead

Work to build HS2's tunnels at the Chiltern hills started in May

VolkerWessels’ profit jumped by a quarter last year thanks in part to work on HS2 ramping up. The contractor said the notice to proceed on the section of HS2 between London and Birmingham in April 2020, where subsidiary VolkerFitzpatrick is working as part of the Align JV, and a number…