Construction output ‘outperforms’ UK economy in Q4
Quarterly construction output continues to “outperform the wider economy”, despite the “disappointing” drop off in December 2024 output.
Quarterly construction output continues to “outperform the wider economy”, despite the “disappointing” drop off in December 2024 output.
Meanwhile the civil engineering division was supported by a high level of activity, especially in rail and energy transition projects.
In 2023, Torsion underwent a restructure as part of a plan to increase turnover to more than £200 million within three years.
Hinkley Point C, Britain’s largest low-carbon energy project, has announced that it will create 3,000 new jobs in Somerset as it approaches peak construction.
Clegg Construction has announced the start of a £23 million refurbishment project to create a new specialist education school for Coventry City Council.
Skanska’s construction division delivered strong results, as its order intake brought the backlog to a new record high, in the group’s latest trading update.
Arti Deda falsely declared the turnover of his Knight Workers Limited company in 2020 to receive Bounce Back Loans totaling £100,000.
Residential, civil engineering, commercial and major projects all suffer at the start of this year, ending a 10-month period of expansion.
Seventy-four per cent of the contractor’s turnover came from repeat business with long-standing customers and developers.
At peak construction there will be more than 1,000 workers on site at Provanmill in the city, including dozens of new apprentices.