Business Archives - Construction & Civil Engineering magazine

Caddick Construction Aims for £400m Turnover After Record Rebound

sarahrudge — Thu, 17 Apr 2025 14:28:42 +0000

Subscribe to our free newsletter today to keep up to date with the latest construction and civil engineering news. Caddick Construction is forecasting a turnover of £400 million for the current financial year, following a 12 percent rise in revenue to £356 million for the 12 months ending August 2024. Pre-tax profits increased by 13 percent to £8.3 million, driven by strong performance…

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UCB Research HQ in Surrey Gets a New Contractor after ISG’s Collapse

sarahrudge — Mon, 20 Jan 2025 10:54:14 +0000

The construction of UCB’s £60m research and development (R&D) headquarters in Windlesham, Surrey, is back on track. The pharmaceutical giant’s ambitious project faced a major setback when ISG, the initial contractor, collapsed, leaving the site unfinished and uncertain. Now, Walter Lilly, a renowned London-based contractor with extensive experience in complex projects, has stepped in to bring the…

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Atlas Holdings expands in UK with Lendlease deal

sarahrudge — Mon, 06 Jan 2025 08:51:46 +0000

Lendlease’s decision to sell its UK construction business to US private equity firm Atlas Holdings marks a turning point for both companies and the broader construction market. The £71 million deal, expected to close by mid-2025, reflects Lendlease’s strategy to refocus on its core markets in Australia while simplifying its operations. Lendlease has played a key role in the UK construction…

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The Retention Debate: Safeguarding Projects or Sinking Businesses?

sarahrudge — Tue, 26 Nov 2024 08:48:05 +0000

For over a century, cash retentions have been a staple in the UK construction industry, serving as a financial safeguard for clients and main contractors. Designed to ensure project completion and address any potential defects, these retained funds might seem reasonable on paper. However, in practice, they have become a contentious issue, particularly for small- to medium-sized enterprises (SMEs).

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ISG’s Collapse Leaves Seventynine Lighting with £2m Unpaid Debt

sarahrudge — Thu, 31 Oct 2024 09:59:15 +0000

The recent failure of ISG, a leading name in construction contracting, exemplifies this impact as its insolvency forced one of its key subcontractors, Seventynine Lighting, to close operations. Based in Gloucestershire, Seventynine Lighting had built a successful track record with clients like Selfridges and Regus, specialising in commercial lighting solutions. However, ISG’s financial collapse…

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Sue Williams of Hexagon Consultants Shares the Importance of Strategic Expertise for Future Success

sarahrudge — Tue, 01 Oct 2024 11:05:19 +0000

I’ve been in the industry coming up to 30 years, though I don’t like to admit that too often,” begins Sue Williams, Managing Director, Hexagon Consultants. “I started out in the automotive sector when operations were logistics based rather than centred on the more modern supply chain. I began my career as a planner and then moved into various roles in supply chain and operations. I worked in the…

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Former ISG CEO Matt Blowers Joins Structure Tone in Key Leadership Transition

sarahrudge — Mon, 30 Sep 2024 10:26:02 +0000

Matt Blowers, the former CEO of ISG, has taken on a new challenge as Joint Managing Director at Structure Tone London, a key player in the fit-out industry. This leadership shift comes amid ISG’s collapse into administration, which left over 2,000 employees out of work and disrupted numerous construction projects across the UK. Blowers, with 26 years of experience at ISG, including two years as…

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ISG Struggles Amid Market Challenges

sarahrudge — Fri, 20 Sep 2024 08:14:39 +0000

Founded in 1989, ISG quickly gained a reputation as a global leader in construction. Initially focusing on the UK market, the company soon expanded internationally, working on major projects across a range of industries. ISG’s adaptability allowed it to thrive in various sectors, including commercial, infrastructure, and biopharmaceuticals. Its involvement in the £200 million vaccine manufacturing…

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Lendlease UK Boss Exits as Company Prepares Market Exit

sarahrudge — Fri, 02 Aug 2024 11:55:00 +0000

In a significant move for Lendlease, Simon Gorski, the head of the company’s UK construction division, has announced his departure. This comes two months after the Australian parent company declared its intent to sell its UK construction business. Gorski, who has been with Lendlease for over 20 years and managing director for European construction for five, will leave at the end of the month.

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Blenheim House Construction Seeks Administration Amid Economic Struggles

sarahrudge — Mon, 22 Jul 2024 13:55:41 +0000

Blenheim House Construction, a well-known contractor based in Surrey, has applied for administration following severe financial difficulties. Established in 2010, the firm has been a significant player in the UK construction sector, recognised for its high-profile projects across the country. However, a combination of unsustainable cash flow problems and escalating costs has led to this drastic…

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