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Daily Archives: November 15, 2021

B&K revealed as mystery buyer for failed Robinson Structures

Bowmer & Kirkland is understood to be the mystery buyer for the assets of stricken Derby steelwork contractor Robinson Structures sold in a pre-pack administration last week.

The main contractor’s steelwork and timber business, B&K Structures, which also based in Derby is understood to have bought the business although there still has been no official confirmation of the deal.

The acquisition, which saved 68 Robinson jobs, represents the largest single investment in the firm’s 47-year history, which started out as a steelwork contractor and branched out in 2007, moving into the engineered timber industry.

A new business B&K Hybrid Solutions will operate from the recently-built former Robinson HQ and production plant, giving the new business capacity to manufacture 10,000t of structural steelwork per annum.

The new well-equipped facilities form part of a larger, long-term plan to deliver on the increased demand for steel and timber-steel hybrid schemes within the UK.

 

Major steelwork firm warns project delays will hit profits

Structural steelwork specialist Billington has warned forecast profit for this year will fall below expectations due to the impact of materials and labour supply constraints on project completions.

The firm had previously warned several months ago that theprecise outturn for the current financial year depended on the timing of certain key contracts, combined with any potential impact from continuing material price inflation and supply chain constraints.

Mark Smith, CEO of Billington, said that it had now become evident that the completion of certain key projects would not take place by year-end, impacting the profitability, and to a lesser extent revenue.


“2021 has been dominated by the continued challenges arising from the pandemic for both Billington and its clients alike,” he said

“The construction sector is suffering material and labour supply constraints that have affected the delivery of projects and delayed anticipated completion dates.

“As a result, this has adversely impacted this year’s profitability.”


He added that the delayed profit recognition combined with a strong project pipeline had provided greater confidence Billington would meet expectations for next year.

Smith said: “Tendering opportunities remain buoyant and of a good quality, together with a good orderbook provides an increased degree of confidence for 2022 and beyond.”

 

 

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Vistry poised to start 439-homes site near Northampton

Vistry Group is getting ready to start construction on the first phase of more than 400 homes near Northampton next year.

The Western Gate project in Harpole just needs reserved matters planning consent before work can start on new homes and a new school which the house building is contributing £6m towards,

The planning decision is expected at the end of the year with the section 106 agreement including community contributions towards the primary school, local centre, play facilities, a library and highway work.

Western Gate’s design incorporates the retention of existing trees and retains green infrastructure that will be enhanced through tree planting. Public footpaths will extend through the development linking the existing and proposed network to ensure public, pedestrian access to properties and the surrounding area.

The two, three and four-bedroom homes will be five miles from Northampton town centre, with easy access to the M1, plenty of local amenities and a selection of ‘Good’ Ofsted-rated schools nearby.

Andrew Harvey, Vistry regional land director, said: “We are very excited about our Western Gate development and the building of much-needed affordable homes in Harpole. These high-quality homes will suit all types of home buyers and our contribution to the community, including tree planting and footpaths, will make sure Western Gate is a thriving place to live.

“A total of 15 per cent of our homes will be affordable housing and our house types will meet Harpole’s needs while ensuring we create a long-lasting community that complements the local environment.

“Our popular properties will consist of Bovis Homes’ and Linden Homes’ latest housing ranges to offer the highest degree of specification and choice tailored to meet the desires of Vistry’s customers.”

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HE Simm names new MD for engineering arm in the south

Family-owned M&E contractor HE Simm Group has appointed Phoenix ME operations director Marcus Wallis to head up its Engineering division in the south.

Wallis started his career in the industry following the completion of an electrical apprenticeship with Drake & Skull.

He has held director level roles in a number of companies, including Laing O’Rourke, Skanska and Mace, before moving to London-based Phoenix ME in 2018.

In his new role at MD in the south, Wallis will be part of the group executive leadership team, reporting directly to CEO Gareth Simm.

His predecessor, John Lennie, moves into a new role as group executive director.

Simm said: “Marcus has an exceptional capability. He has years of operational experience and leadership and is well known and, well liked, across the industry.

“We look forward to him demonstrating his skills and experience and to watching our southern business flourish under his watch.

“Part of that will be to grow our London business to become a leader in the southern regions of the country, not just in the capital.”