Bathroom pod specialist OEP goes into administration
Lancaster based modular construction company OEP Building Services has gone into administration.
Administrators from Dow Schofield Watts are now in charge of the business which specialised in bathroom pods.
OEP Building Services was hoping to reach a turnover of £18m in 2020 but was hit hard by the pandemic and the Enquirer understands that OEP is still in adjudication with its insurance company over a £250,00 business interruption claim following a five-week Covid shutdown.
OEP has also been hit by surging materials prices on its fixed price contracts particularly steel, timber, adhesives, plastics and M&E components which are estimated to have cost the business £600,000 this year.
The company also faced the withdrawal of a major loan facility when its peer-to-peer lender went under and lost £350,000 during the collapse of contractors including CPUK, Marcus Worthington and Cruden.
A sister company of OEP Building Services which manufactures its steel frames has taken 88 employees across under the TUPE regulations.
Did you miss our previous article…
https://www.drupalcamppa.org/?p=1046
Barhale bags deal to keep sewage pumping in East London
Barhale has been selected by Thames Water to deliver a £10m power resilience scheme in East London.
Work will start early next year on the the project in East Ham which will provide an extensive overhaul of the Folkestone Road Pumping Station – one of four strategic pumping stations that reinforce flows along the Northern Outfall Sewer which feeds into Beckton Sewage Treatment Works.
The Barhale team will initially carry out investigations to understand the control philosophy, “storm conditions” behaviour and telemetry at the pumping station as part of a detailed design phase.
Main works will replace the pumping station’s transformers, generators, storm pumps and EICA integration with new Motor Control Centres.
Barhale design and engineering manager Ben Connis said: “Folkestone Road is a vital part of the infrastructure supporting Beckton Sewage Treatment Works – one of the largest sewage facilities in Europe.
“Beckton is basically serving most of North and East London so each of the four supporting pumping stations performs a critical role.
“We are going first into a ECI phase which will give us the opportunity to engineer out some of the operating issues and to ensure that the replacement strategy will make the most of better equipment with modern control systems – ultimately delivering a significantly more robust and resilient system for residents of the capital.
“Having already been involved in the upgrade works at Beckton Sewage Treatment Works, mainly in preparation to accept the flows from the Thames Tideway Tunnel, it’s a real feather in our caps to also be selected by Thames Water to upgrade the infrastructure leading to the treatment works.”
The principal works are expected to take around 18 months with completion in October 2023.
Did you miss our previous article…
https://www.drupalcamppa.org/?p=1040
Former Carillion finance director joins Speller Metcalfe
Regional contractor Speller Metcalfe has confirmed the appointment of Judith Lewis as its new Finance Director.
Lewis held a similar role at Carillion’s property development business where she worked for more than 20 years before the group collapsed in January 2018.
Former Speller Metcalfe Finance Director Mike Clarke will move into a part-time role as Group Financial Controller.
Speller Metcalfe joint managing director Andy Metcalfe said: “Her wealth of experience and strong track record within the construction industry will be instrumental to strengthening our financial resilience and strategic plans to consolidate our strong trading position.”
Latest results for the firm for the year to March 31 2021 show pre-tax profits dropped of £536,000 from from a turnover of £104.7m.
Metcalfe is expecting turnover to return to pre-pandemic levels of £120m this financial year.
Did you miss our previous article…
https://www.drupalcamppa.org/?p=1035