Financial & Legal
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Mulalley has won a High Court defective render recovery judgment. The £1.8m order concerns unsafe external wall systems at Parkside Court in Chelmsford.
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Demolition could support housing delivery by freeing inefficient sites for renewal. Adrian Corrigan, president of the National Federation of Demolition Contractors, argues that strategic clearance, public land use, planning reform, and redevelopment investment must work together if the UK is to approach its 1.5 million homes target.
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BauWatch says construction crime is targeting remote sites and plant. The warning points to organised theft, digital methods, high-value equipment losses, and rising pressure on site security.
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Investcorp has acquired Smart Managed Solutions to expand technical FM. The deal backs growth in M&E maintenance across commercial offices, life sciences, education, digital infrastructure, and public-sector assets.
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The UK has backed critical minerals projects with new funding. The £50m package targets extraction, processing, recycling, rare earth magnets, and demand aggregation across strategic materials.
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Devonshire Homes has entered administration after losses on housing work. The collapse puts 77 jobs at risk and highlights continuing financial pressure across regional housebuilding.
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Ramboll has secured access to Britain’s £3.5bn construction services framework. The four-year CPS 2 route covers public-sector consultancy, design, engineering, advisory, and project support work.
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Omme Lift’s insolvency has hit specialist access equipment supply chains. The Danish manufacturer’s failure raises questions around fleet support, parts, and service continuity.
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CRH is pursuing Arcosa as infrastructure materials consolidation accelerates globally. The proposed acquisition would deepen exposure to aggregates, engineered structures, and public-works demand.
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Construction insolvencies fell in May, but pressure remains structurally high. Specialist contractors remain exposed to weak cash flow, tight margins, and uncertain workloads.