Financial & Legal
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Heron Bros maintained strong profitability despite lower annual construction sales. Turnover was £151.2m in the year to August 2025, while the group retained £7.6m after tax and continued investing across construction, property, manufacturing, and digital systems.
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Winvic maintained billion-pound turnover despite softer profit and margin performance. Its £1.68bn forward order book gives substantial workload visibility, although a 2.5% operating margin leaves limited room for poorly priced work or delayed project starts.
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Construction leads England and Wales insolvency totals by recorded volume. The industry registered 3,841 failures in the 12 months to July 2026, accounting for 17% of cases where an industry classification was captured.
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Scottish plumbing firms face rising costs and weakening order books. SNIPEF’s Q2 survey shows falling margins, weaker apprenticeship recruitment, and substantial cash tied up in construction retentions.
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Gleeds has joined Anglian Water’s commercial assurance framework for AMP8. The five-year appointment covers cost verification, commercial risk, contract compliance, change control, benchmarking, and value-for-money assessment.
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GRS has secured an additional £30m through its banking facility. The five-year Wells Fargo agreement extends funding to 2031 as the construction-materials group targets infrastructure, circularity, digitalisation, and logistics growth.
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Wigan Council has removed four proposed employment sites from plans. Their earlier indicative capacity totalled 545,000 sq m, substantially reducing the potential industrial and logistics pipeline in the emerging local plan.
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Lendlease has submitted plans for Stratford Cross’s final development phase. The east London proposal covers around 2,000 homes alongside student accommodation, co-living, affordable provision, public space, and retail.
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Ministers have retained on-site affordable housing rules for medium developments. The government dropped a proposal allowing wider cash-payment substitution on schemes containing between 10 and 49 homes.
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Sisk has reported stronger profits as UK construction activity grows. Group pre-tax profit rose 27.7% to €74.2m in 2025, while turnover fell and margins improved.