Financial

A loss-making contract in Germany has tipped Bouygues Energies & Services (E&S) back into the red despite a 7 per cent increase in turnover. The latest accounts for the UK-based construction engineering subsidiary of French group Bouygues were signed off last week (3 April). They revealed a pre-tax loss of…

A scaffolding and steeplejack firm that began life in the 19th century has called in administrators after being hit by a sharp drop in its pipeline of work and rising costs. Hertfordshire-based Rodells has appointed FRP Advisory to oversee its affairs and sell its assets, having already stopped trading due…

A groundworks, civils and plant-hire firm has been sold to a connected company after being hit with a winding-up order by HMRC for a £4.3m tax bill. Cheshire-based TPS Plant & Groundwork was sold for £390,000 to TPS Civil Engineering & Plant Hire. Both companies are owned by Phillip Skyrme.…

London-based Phoenix ME has “minimised the challenges” faced by ISG’s demise with a surge in sales and pre-tax profit, according to its latest annual accounts. The mechanical and electrical (M&E) specialist said it overcame the collapse of ISG – one of its biggest tier one clients – by “early re-engagement”…

This story was written with AI assistance from Harmsworth Who is Harmsworth? M Group has completed the acquisition of Suffolk-based Aran Group to strengthen its offering in the energy-efficiency and social housing retrofit markets. The deal - for an undisclosed value - will expand the capabilities of M Group’s decarbonisation…

A London-based fit-out specialist has become employee-owned to secure its future as an “independent business”, its chief executive has said. BW Interiors’ owners sold their shares to an employee ownership trust (EOT) in March after 25 years of trading, according to its latest accounts. The firm’s chief executive Steve Elliot…

Lindum Group grew its profit and revenue in a year during which its long-serving former chairman stepped down. The Lincolnshire-based contractor posted turnover of £198.8m for the 12 months to 30 November 2024. This was up 7 per cent from the prior year – when Lindum finished 88th in the…

Erith has paid its £17.6m bid-rigging fine two and a half years earlier than agreed, it has announced in its latest accounts. The London-based contractor, which is the holding company for Erith Construction, posted turnover of £255m for the 12 months to 30 September 2024. This was up 12 per…

A London-based residential developer has secured its survival after a pre-pack administration deal by its owner.  Sheen Lane Developments called in administrators from Quantuma on 1 April after issues first emerged last year. The firm appointed receivers last May for three special purpose vehicles (SPVs) which each held a contract…

Tier one contractor Wates posted record annual turnover last year although its statutory pre-tax profit nosedived, its latest accounts show. The firm – ranked 7th in last year’s CN100 index of top UK contractors – saw its revenue (excluding joint ventures) rise by 9.2 per cent from £2.1bn to £2.3bn…