Aldermore bank has provided a £1.3m commercial development finance loan to Cookridge Estates LLP, the West Yorkshire property developer, to fund the construction of two detached drive thru units built as part of a larger roadside and retail development. The two drive thru units have been pre-let to Costa Coffee and Burger King. The development […]
“Construction companies employing EU workers must ensure that their employees have applied for settled status in the UK before 30 June 2021, say leading tax and advisory firm Blick Rothenberg. Heather Powell, a partner at the firm said: “ The EU Settlement scheme allows EU citizens to continue working in the UK until 30 June […]
Aldermore bank has provided a £750,000 Construction Finance facility to NP Services Ltd, a family run metal fabrication specialist. Based in Leicester, the company design and produce high quality metal products for the food and hospitality industries. The business needed funding to fulfil a £1m contract to a major player in the food fit-out industry […]
In April 2021, contract awards increased by 58% compared to March to £9.1bn. This level of activity was last seen in January 2020. The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain. Sector analysis shows that residential contract awards […]
Timber, roof tiles and roofing membranes are proving pricier and harder to source with longer lead times threatening construction output. Imports such as paints and varnishes are expected to be difficult to get next month with shortages in PVC and resins for the rest of the year. Roofing supplies are in some cases delayed by […]
Terry Healy Group Ltd (THG) is delighted to announce plans to invest £2m in the setup and operation of both an Elite Energy training centre and the delivery of energy-efficient measures through the Energy Company Obligation (ECO). This exciting expansion will create a significant number of new full-time jobs and indirect employment opportunities within our […]
In March 2021, contract awards increased by 22% compared to February to £5.8bn. The main change in activity was a very large increase in the hotel and leisure sector. The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain. Sector […]
The once iconic but now derelict West Works site at the former MG Rover car plant in Longbridge, Birmingham is to finally be regenerated following a £6m investment package from the West Midlands Combined Authority (WMCA). Since closing 15 years ago with the loss of the plant’s remaining 6,000 jobs, the vacant 75-acre West Works […]
In February 2021, contract awards increased by 11% compared to January to £4.7bn, this remains below average levels, but underlying activity has increased as no single project was valued over £200m. Similarly to January, distribution centres make up two of the top four contract awards. The latest edition of the Economic & Construction Market Review […]
Midlands based advisers, Smith Cooper Corporate Finance and Flint Bishop Solicitors recently acted on a deal that sees Loughborough headquartered Pendragon Holdings, which trades as CR Civil Engineering Limited (CRC), sold to the UK’s leading environmental, engineering and technical services provider, RSK Group Limited (RSK). The business of CRC was formed in 2000 by Carl […]
