Exclusive: Marshalls reaps the rewards from a home improvement boom March 20, 2022 City A.M. speaks with Martin Coffey, chief executive at Marshalls, as the stone and concrete specialists show signs of post-Covid recovery.
Landscaping firm Marshalls back to pre-pandemic levels of profit March 17, 2022 Marshalls, which produces stone and concrete for landscaping, has returned to pre-pandemic levels of revenue and profit. The Yorkshire-based construction firm’s full year results for 2021 include revenue of almost £590m, a 25 per cent increase on 2020, and nearly £50m, more than for 2019, pre Covid. Its EBITDA (earnings before interest, taxes, depreciation, and [...]
Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine March 15, 2022 Soaring material costs have led to a steep rise in insolvencies in the retail and construction industries of almost 50 per cent. The war in Ukraine and its impact on rising fuel prices, brought concerns over supply chains pressures into sharp focus this week, new research from tax and audit specialists Mazars has shown. During [...]
HMRC owes construction workers close to £1.5bn following pandemic property boom March 8, 2022 Almost £1.5bn is owed to Britain’s construction workers by the taxman following the pandemic property boom, according to new data shared with City A.M. today. It is estimated that more than 1m people working in the sector could be owed a tax refund, after the industry “weathered a particularly fierce storm” to keep Britain building [...]
Construction sector back in boom mode as price increases slow March 4, 2022 After months of heavy price increases, the rapid cost hikes in the construction sector showed further signs of easing off in February, according to fresh data published this morning. Builders reported they were still facing problems in supply chains, and that prices for materials and other inputs rose in February. But the reported rise was [...]
Speedy Hire has the tools to grow with rising revenues and increased profits November 17, 2021 Speedy Hire is revelling in sustained strong trading performance and is set to deliver full-year results ahead of marketing expectations, as the construction rental equipment specialists looks to embrace the consumer market. The firm’s CEO, Russell Down, is looking to maximise the “untapped potential” of homeowners pursuing their own projects. It has now signed a [...]
Goodwin see positive final results despite the placement of large capital projects slowing August 11, 2021 Goodwin PLC has posted strong final year results as the impact of the pandemic on the firm appears to have been abated. The pre-tax profit for the engineering company saw an increase from £12.1m to £16.5m for the year up to the 30 April 2021. That was despite a slow down in capital building projects, [...]
Brickability post strong results despite year-on-year fall in revenue and profit August 5, 2021 Brickability have seen a slight fall in year-on-year revenue as the company’s accounts were hit by early year trading restrictions. The concrete block and brick manufacturer saw a 3.2 per cent fall in its revenue from £187.1m in 2020 to £181.1m in 2021. Restrictions brought on the pandemic are thought to be the reason behind [...]
Exclusive: BAM signs £95m deal to redevelop St Pancras industrial estate July 8, 2021 Construction firm BAM has been brought on by property firm W.RE to redevelop an old industrial estate near St Pancras’ hospital in Camden, City A.M. can reveal. Under the £95m deal, the firm will build offices, retail and two separate residential buildings on the site, as well as a new mini park. The St Pancras [...]
Online retailer CMO eyes £100m AIM listing in bid to disrupt building materials market June 25, 2021 Online-only building materials firm CMO is set to list on London’s AIM market next month, the company announced this morning. City A.M. understands that the Plymouth-headquartered outfit is likely to fetch a valuation of around £100m. CMO will be looking to follow in the footprints of fellow home improvement retailers Victorian Plumbing, which listed on [...]