Finance News Analysis and Opinion: Construction Results, Trading News

Slow progress in Lonsdale administration

Ben Vogel — Fri, 09 May 2025 11:45:10 +0000

There are still insufficient funds to pay creditors for Michael J Lonsdale, administrators for the collapsed mechanical and electrical (M&E) specialist said. In their third progress report since being appointed in October 2023, Jamie Taylor and Dominik Thiel-Czerwinke from Begbies Traynor said they had clawed…

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Balfour Beatty shareholders revolt over CFO pay package

Joshua Stein — Thu, 08 May 2025 12:06:00 +0000

Nearly a third of Balfour Beatty’s shareholders rebelled against a pay package increase for chief finance officer Philip Harrison at the company's annual meeting this morning (8 May). The UK’s biggest contractor saw 70.25 per cent of its shareholders vote in favour of the 2024…

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‘Significant improvement’ in UK construction drives Royal Bam performance

Joshua Stein — Thu, 08 May 2025 11:47:35 +0000

Bam’s parent company has enjoyed a profit boost in the first quarter (Q1) of the year, helped by a “significant improvement” in the performance of its UK construction arm. In a trading update this morning (8 May), Netherlands-based Royal Bam said Bam Construct was one…

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Not the cruellest month: April data shows fewer business collapses

Nicola Harley — Thu, 08 May 2025 11:45:18 +0000

Construction firm failures in April decreased by almost a third compared with the previous month. This reversed a trend seen in February and March when administration figures soared, with the number of firms going under rising to 32 and 31 respectively. Data from Creditsafe shows…

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‘Positive momentum’ drives Balfour Beatty cash forecast towards £1bn

Joshua Stein — Thu, 08 May 2025 10:35:01 +0000

Balfour Beatty expects cash to near £1bn at the end of 2025, after reporting wins in key markets this year. The UK’s biggest contractor said in a trading update this morning (8 May) that average net cash in 2025 is expected to reach between £900m…

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Van Elle offloads HGV fleet in £2.9m logistics deal

Colin Marrs — Thu, 08 May 2025 07:43:46 +0000

This story was written with AI assistance from Harmsworth Who is Harmsworth? Van Elle Holdings has transferred its heavy goods vehicle (HGV) fleet to a specialist logistics partner in a move to cut overheads and redeploy capital to growth. The UK’s largest ground engineering contractor…

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Growth remains elusive for construction sector but decline slows

Ben Vogel — Wed, 07 May 2025 10:00:12 +0000

Construction sector output decreased for the fourth consecutive month amid “heightened business uncertainty” in April, according to newly released data. The latest S&P Global UK Construction Purchasing Managers’ Index (PMI) data, released on Wednesday (7 May), showed an activity index of 46.6. This was up…

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Former employees win tribunal claim against defunct groundworks firm

Ian Weinfass — Tue, 06 May 2025 11:45:54 +0000

Ex-employees of Bowie Construction have been awarded payouts by an employment tribunal. Twelve workers brought the claim against the former groundworks specialist, which went into administration in June 2024, on the basis that it did not hold a formal consultation process. The company ceased trading…

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Murphy acquires 40% stake in Australian contractor

Colin Marrs — Tue, 06 May 2025 06:17:28 +0000

This story was written with AI assistance from Harmsworth Who is Harmsworth? Murphy has taken a 40 per cent stake in Abergeldie Complex Infrastructure as part of a strategic partnership with the Sydney-headquartered contractor. The deal marks Murphy’s first investment in the Australasian market and…

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Manchester contractor grows revenue as profit stalls

Ian Weinfass — Fri, 02 May 2025 11:45:55 +0000

Contractor and developer the Casey Group has grown its revenue in the face of “challenges” that saw its profit dip slightly. Newly released accounts covering the year to 31 July 2024 show that the company, headquartered in Rochdale, Greater Manchester, boosted turnover to £88.6m from…

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