Supply Chain

The government is complacent about construction sector capacity shortages that risk undermining its plans to remediate dangerous cladding in England, MPs have said. A new report from parliament’s Public Accounts Committee (PAC) released today (21 March) said far too many people were trapped in unsafe homes, facing financial uncertainty and…

More than 300 firms in the construction industry became insolvent in January as firms struggled to cope amid the “burden of expensive debt”. According to data released this morning by the Insolvency Service, 305 construction companies in England and Wales went under during the month – the second most of…

Public sector bodies abandoned one in six decarbonisation projects awarded funding through a £553m scheme, after “changes in the wider economic climate” took their toll. Public sector bodies that received funds from phase 3a of the Public Sector Decarbonisation Scheme (PSDS) were forced to abandon 17 per cent of their…

Building products group Marshalls has posted a 77 per cent increase in pre-tax profit in its latest full-year results, despite a fall in turnover. The Yorkshire-based firm today revealed profit before tax of £39.4m for the 12 months to 31 December 2024, up from £22.2m in the prior year. However,…

Mechanical and electrical (M&E) specialist Briggs & Forrester has undergone a “clear recovery” with turnover and pre-tax profit exceeding pre-Covid levels. The latest set of group accounts, for the year to 31 October 2024, also revealed a record order book after the completion of a five-year restructuring programme. Briggs &…

Firms involved in major public sector construction projects in Wales are to benefit from strengthened payment protection under a government initiative. Three high street banks have been accredited by the devolved Welsh Government as part of its project bank account (PBA) scheme, which is designed to speed up payments for…

Construction sector leaders, including Balfour Beatty chief executive Leo Quinn, have warned that US tariffs on the UK will raise prices and reduce demand for steel. Speaking yesterday (12 March) during a presentation on his company’s annual results, Quinn warned that main contractors will need to tread “very carefully” to…

Essex-based specialist Sana Mechanical and Electrical has entered administration. The Upminster-based firm called in Gary Thompson and Chris Newell of advisory firm Quantuma on 24 February. The contractor's latest published accounts, covering the year to 5 April 2023, showed it owed £671,826 to creditors within 12 months. However this was…

Loss-making Staffordshire contractor TNA Electrical has appointed administrators. The Cannock firm, which reported turnover of £30.1m for the year to 31 January 2024 in its latest published accounts, named Conrad Beighton and Liz Welch of Leonard Curtis as joint administrators on 28 February 2025. TNA Electrical was founded by brothers…

Employee-owned Ground Construction Ltd (GCL) has posted an increase in pre-tax profit while sounding a warning note about macroeconomic factors still bearing down on the sector. The groundworks, demolition and concrete frame provider said it had taken a “cautious approach” to tendering amid challenges facing the construction industry. Newly released…