so ..... basically they're bust - - - continued

[Lancs Lad]

not round here it won't ... boiler's come on a couple of evenings and mornings this week - set at 14C
did you get the monsoon yesterday evening?
you'd think it'd never rained before !!!!!!

26c today here but drops off again tomorrow. Beut day

 

[Stroppymonkey]

Be green. Use sheep's wool.

Brilliant idea, might help UK farmers as well.

 

[6feetdown]

not round here it won't ... boiler's come on a couple of evenings and mornings this week - set at 14C
did you get the monsoon yesterday evening?
you'd think it'd never rained before !!!!!!

At a funeral all day yesterday the cemetery it was lashing down.
Same this morning until around 11

 

[bobthebuilder]

not round here it won't ... boiler's come on a couple of evenings and mornings this week - set at 14C
did you get the monsoon yesterday evening?
you'd think it'd never rained before !!!!!!

it did get a bit damp quickly

 

[bobthebuilder]

Anyone interested to see how Government gets on without using kingspan or celotex on its projects

i belive celtex and king span are ok ,the cladding design was the problem

Cladding boss denies contributing to Grenfell Tower fire disaster

Claude Wehrle says he was "not the one making decisions" at cladding manufacturer Arconic.

www.bbc.co.uk

 

[V8Druid]

i belive celtex and king span are ok ,the cladding design was the problem

Cladding boss denies contributing to Grenfell Tower fire disaster

Claude Wehrle says he was "not the one making decisions" at cladding manufacturer Arconic.

www.bbc.co.uk

well he would .... from what i've read, anyone involved in it will not be on the procurement list again
also appears that they were all fiddling the test results for fire retardancy

 

[Lancs Lad]

well he would .... from what i've read, anyone involved in it will not be on the procurement list again
also appears that they were all fiddling the test results for fire retardancy

If nothing else it's lifted the lid and showed a brief look at how bent the big building industry is.
Nowt will change

 

[V8Druid]

Administrators seek buyer for materials supplier

Just two years after a management buyout, the UK's largest distributor of decorative surfaces has fallen into administration.

www.theconstructionindex.co.uk

another not looking good, but in the 'too big to let fail' group

More losses for Vinci UK

Results filed by Vinci show a second consecutive year of losses for the French group’s UK operations.

www.theconstructionindex.co.uk

and another with dubious results, trying hard to hide 'em at a best guess

Galliford Try delays results publication

Auditors checking the accounts of Galliford Try Holdings plc have asked for more time.

www.theconstructionindex.co.uk

" Company audits have been an especially sensitive topic in the construction industry since the collapse of Carillion in 2018. KPMG was fine £21m for its slack auditing work on Carillion. PwC was subsequently fined more than £5m in 2022 for failings in its audits of the accounts of Galliford Try and Kier. "

 

[V8Druid]

and here's a classic example of how money gets wasted on 'junkets' ... UK awards, so where's it held ... in the sun of course ... and not the UK

Building Awards 2024 shortlists: Construction Consultant/Surveyor of the Year (more than 100 staff)

In a series celebrating Building's Building Awards finalists, we look at the Construction Consultant/Surveyor of the Year (more than 100 staff) shortlist

www.building.co.uk

 

[Bob]

Not surprised building firms are going broke heard a story this morning about Sizewell that a 303 bullet case had been found so they put a 100 yard exclusion zone around it .in 1970 I was down at sizewell B for Gleeson we dug out 1 million cub metres of muck and pushed it over were they are going to build Sizewell C and removed a army shooting range target so they will find a lot of bullets including live ones

 

[kabin man]

ISG next..

 

[6feetdown]

Not surprised building firms are going broke heard a story this morning about Sizewell that a 303 bullet case had been found so they put a 100 yard exclusion zone around it .in 1970 I was down at sizewell B for Gleeson we dug out 1 million cub metres of muck and pushed it over were they are going to build Sizewell C and removed a army shooting range target so they will find a lot of bullets including live ones

I passed just outside pontypool today around 1.45pm then back other way an hr later, 4 or 5 people stood around talking or on phones, on the way back must have been best part of 10 doing nothing, 2 highways cars 1 safety lorry various vans appeared to be looking under a subway or bridge.
No wonder nothing gets done or costs so much

 

[V8Druid]

ISG next..

ISG heads for administration

ISG is expected to go into administration on Monday

www.theconstructionindex.co.uk

" ISG is expected to go into administration on Monday ........ Six ISG companies have filed notices of intent to appoint administrators: ISG Construction Limited, ISG Engineering Services Limited, ISG Retail Limited, ISG UK Retail Limited, ISG Jackson Limited and ISG Central Services Limited. - All six are subsidiaries of ISG Limited. "

Offices closed and sites shut as ISG set to file for administration, chief executive confirms

Contractor to go under two months after firm's chairman said rescue deal was 'days away'

www.building.co.uk

" The collapse is the biggest corporate construction failure since Carillion subsided six years ago and is set to see an administrator, believed to be EY, appointed shortly. .......
ISG, originally Interior Services Group, has been owned by Cathexis since 2016 when it de-listed from the London Stock Exchange. Cathexis is the investment vehicle of 38-year-old Texan oil tycoon William Harrison."



" The collapse into administration yesterday of MJ Lonsdale has caused widespread shock and anguish among senior industry figures "

‘The industry is broken.’ The soul-searching begins as London M&E specialist succumbs to familiar foes

Yesterday's collapse of Michael J Lonsdale has prompted more anger and sadness in a sector already used to such events

www.building.co.uk

 

[bobthebuilder]

folkstone fixings
FFX gone tits up

 

[Lancs Lad]

folkstone fixings
FFX gone tits up

Zero surprises there

How folk think you can operate on thin air margins I've no idea. Will have screwed a few suppliers

 

[V8Druid]

it's official ......

More than 2,000 jobs lost as ISG collapses

ISG’s UK operations have ceased to trade with the company having gone into administration.

www.theconstructionindex.co.uk

" ISG has 22 live contracts with the public sector worth £1.15bn. The most valuable is a £518m Ministry of Defence contract ..... nine live contracts with the Ministry of Justice, worth a combined £422m. The largest of these is for four new prisons, worth £300m to the company "


" 17 construction companies are now going insolvent every working day. .......... "

 

[V8Druid]

and on a slightly better note ......

Private equity takeover at Fox Brothers

Stellex Capital Management has acquired Blackpool-based Fox Brothers Holdings Group.

www.theconstructionindex.co.uk

interesting 'jargon' .... " The private equity injection into Fox Group is part of a plan to complete the transition of the business from its haulage and earthmoving origins into a “fully integrated, circular economy construction materials solutions business”. "

 

[Lancs Lad]

and on a slightly better note ......

Private equity takeover at Fox Brothers

Stellex Capital Management has acquired Blackpool-based Fox Brothers Holdings Group.

www.theconstructionindex.co.uk

interesting 'jargon' .... " The private equity injection into Fox Group is part of a plan to complete the transition of the business from its haulage and earthmoving origins into a “fully integrated, circular economy construction materials solutions business”. "

What exactly is that phrase?
More like "owning lots of tippers moving muck and filling old quarries with the odd boat thrown in"
Jacksons are our local big quarry/muck away site

 

[doobin]

folkstone fixings
FFX gone tits up

They were my go to for most power tools. Luckily I had nothing on order.

 

[Lancs Lad]

They were my go to for most power tools. Luckily I had nothing on order.

Powertool mate cheaper usually for Milwaukee I've found.

Sad day for staff but hopefully it's a wakeup call for powertool industry ridiculously low margins ...FFX 100m last year with a 3m loss. I mean...

Ultimately unless margins increase it's going to mean even less dealers leading to a cartel of a few big guys who can then screw consumers...