Construction

More insolvencies hit construction than any other sector in the year to November, according to new official figures. The latest data from the Insolvency Service revealed that 4,208 construction firms became insolvent in the year to November 2024. It means the sector represented 17 per cent of liquidations, administrations and company voluntary arrangements across England

Raise your hand if you want 2025 to be your business’ best year yet. Yes, it’s easier said than done, but all it takes is strategy, preparation, and a little help from technology.We’re about to share three tips to help you find the best projects to bid on, plan for the new year, and using

Construction costs will rise by up to 1 per cent due to the increase in National Insurance employer contributions in April next year, according to consultancy Arcadis. The hike in the rate at which contributions are paid – from 13.8 per cent to 15 per cent – will come alongside a fall in the threshold

In the year to April 2024, RED doubled pretax profit to £2m maintaining profit margin at 1.7%. Based on a strong order book, RED is forecasting another year of controlled growth that should generate revenues of over £130m to April 2025. The firm, which operates from business centres in London and the south west, delivers a

Newcastle-based Metnor Construction owed creditors £10m when it fell into administration in February. The group owed dozens of development companies, material companies and subcontractors, according to documents released by its administrators Steven Ross and Allan Kelly of FRP Advisory. The administrators said that all creditors will receive at least some return on what they are

26 Apr 2023 By Contributor Digital Edition: Construction activity March 2023: East Midlands Project-starts, main contract awards and detailed planning approvals performed particularly poorly in the East Midlands during the quarter to March. East Midlands overview Adding up to £888m, work starting on-site in the East Midlands during the quarter to March decreased 24 per

26 Apr 2023 By Contributor Digital Edition: Construction activity March 2023: East of England Projects starting on-site and detailed planning approvals both weakened during the first quarter. However, strong growth in main contract awards boosted the development pipeline. East of England overview The total value of project-starts in the East of England was £1.33bn, which

26 Apr 2023 By Claire Fear Digital Edition: Construction activity March 2023: London London experienced a poor period for project-starts and main contract awards, with their value decreasing against 2022 levels. Detailed planning approvals, on the other hand, experienced a small boost against the previous quarter and previous year. London overview Totalling £3.187bn, work starting