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Moorhead acquires East Midlands Demolition
Moorhead Group’s owners want to grow both its service offering and its geographic reach. Co-founder Jonathan Prutton, who owns the business with Philip Horsnall, said that East Midlands Demolition was a good fit. “We are delighted to have acquired EMD. It’s one of the most capable and respected demolition companies in the region and is…
Trade bodies launch new alliance
Actuate UK is a collective of eight trade, technology, research and professional bodies that plan to deliver a single, consolidated voice for the sector. Joining its ranks are the campaigning trade association Select, representing Scotland’s electrotechnical industry, and SNIPEF, the Scottish & Northern Ireland Plumbing Employers’ Federation, which represents more than 750 businesses and 5,000…
HS2 contractor finalises terms with designers
ASC has designed the 515-metre Edgcote viaduct, which will carry HS2 across the River Cherwell floodplain, south of Chipping Warden. ASC will deliver detailed design for 80km of infrastructure in the central section of the London to Birmingham leg of the HS2 project. For Arcadis, at least, the contract agreed with EKFB – a consortium…
Private equity takes over Premier Modular
Premier Modular’s management team Premier Modular, a manufacturer of temporary and permanent modular buildings for hire or sale, plans to use the money that Cabot Square is putting in to grow the business 50% within three years. The purchase price has not been disclosed. Premier Modular, formerly Waco UK, was previously subsidiary of South African…
Construction’s bounce-back starts to fade
After that record 41% fall in April 2020, construction output had been rebounding, growing every month – until now. According to the Office for National Statistics (ONS), December 2020’s output was down 2.9% compared to November, falling to £13,516m and its lowest level since August. December saw falls in both new work (3.8%) and repair…
Mace shows strong 2019 profit growth despite revenue fall
Mace chief executive Mark Reynolds It was Mace’s 29th consecutive year of making a profit. In the pre-Covid year to 31st December 2019, Mace Group saw its revenue decline 28% to £1.8bn (2018: £2.3bn). The drop in revenue was attributed mainly to high income from international data centre business in 2018. International work fell 37%…