News

Keltbray spin-off acquires Linbrooke’s rail business

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Keltbray Infrastructure Services Ltd (KISL) has bought Linbrooke Services’ rail business for an undisclosed amount. KISL – which Keltbray sold to EMK Capital in August – said the acquisition would secure around 140 jobs and “elevate the digital and systems capability of KISL to a new level”. Linbrooke’s rail business…

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…

Clancy bolsters top team to spur growth

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Clancy has added three new faces to its top team to grow its civils and energy work - including a hire from Skanska . The contractor has made the appointments to help deliver new business across energy, water and major civil engineering projects. Jon Arnold is Clancy's new operations director,…

Transport growth drives M Group turnover above £2bn

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The government drive to invest in roads maintenance has helped pushed turnover at M Group Services above £2bn for the first time. The private equity-owned firm, which was sold to Luxembourg-based fund CVC earlier this year, posted a turnover of £2.2bn in the year to 31 March 2024, a rise…

‘Robust performance’ lifts Byrne Group profit

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Byrne Group has posted an increase in pre-tax profit, after its businesses working in tier one contracting and concrete structures delivered steady growth. In what it described as a “robust performance”, profit increased from £6.8m to £7.4m, as the firm withstood a “very challenging economic environment” in the year to…

Micro nuclear reactor developer announces first UK site

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A developer of micro nuclear power stations plans to build four units in South Wales, to deliver power directly to industrial customers. US-owned Last Energy, which says it needs no public funding for its plants, wants to build the four 20 MWe modular-built stations on the site of the former…

Tech-connected plant ‘could be worth £400bn to economy’

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Greater use of technology in the construction sector could boost the UK economy by £417bn within two and a half decades, according to a study by Costain. The UK’s 16th biggest contractor found that extensive use of connected and autonomous plant (CAP) in the industry could bring £356bn worth of…

Three more building-control firms sanctioned 

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Three building-control firms have been sanctioned after failing to comply with the Approved Inspectors Code of Conduct.  Building Consents Ltd and Integral Building Control Solutions Ltd were each given a “minor” sanction by the Health and Safety Executive (HSE) on Thursday (10 October) for failings that included, respectively, not following…

Civils firm’s profit up as double acquisition bears fruit

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A Surrey-based infrastructure specialist has enjoyed an increase in profit and turnover on the back of two major acquisitions in the engineering sector. Octavius Infrastructure celebrated a “very successful year” following the buys, which helped propel its pre-tax profit from £3.8m to £4.6m. Turnover for the year to 31 March…