The number of new homes registered with the National House-Building Council (NHBC) in the UK during the first quarter of this year has reached 31,739 – the highest level for this period since 2008.
Trade creditors of Ocon Construction stand to receive 14p in the pound following the collapse of the student accommodation specialist.
Travis Perkins and Elliott Group are among the trade creditors chasing £6.5m unpaid contracts after the collapse of the Nottinghamshire-based contractor Herbert Baggaley Construction. Travis Perkins is owed £20,452 and Elliott Group £27,499.
Reforms to drop Section 106 requirements on housing schemes and fast track major projects through planning have become law, following Royal Assent of the Growth and Infrastructure Act 2013.
Communities secretary Eric Pickles has partially reversed plans to relax planning rules on home extensions in the face of a House of Commons backbench objection.
Merchant exposure to bad debts from insolvencies remains high with 625 construction companies going bust this year – 48 a week. The latest casualties bring the number of industry names who have disappeared since April 2011 to 5,500.
The length of time it takes to complete pre-qualification questionnaires is the biggest challenge faced by construction companies when tendering for work, according to the latest survey by Constructionline.
The Accord Group, which opened timber-frame factory LoCaL Homes in 2011, is now forming a construction management team to build 22 timber-frame houses in Wolverhampton.
A quarter of SME building firms have missed out on contracts because they can’t secure vital funding, with many claiming banks and building societies are “actively discriminating” against construction companies, the Federation of Master Builders (FMB) has warned.
The Government is researching how it might introduce licensing arrangements for builders in an effort to clamp down on rogue traders.
House builder Barratt highlighted its commitment to driving down supply chain costs as it posted a 113.4% rise in pre-tax profits.
The mayor has announced the first phase of a £100m housing fund which he says will support "thousands of jobs in the capital's construction industry".
JS Hay Construction is in administration with Matt Howard and David Merrygold of PKF accountants and business advisers joint administrators of the firm.
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Area Sales Manager
Location: South East of England
The marketing journey of a privately owned builders’ merchant
Marketing management became the process of management for this privately owned builders’ merchant when taking the business forward.
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