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Securing Better Bonding

Construction Business Owner

For contractors, securing bonding is the lifeblood of their businesses, but it comes with challenges that range from having the necessary working capital to demonstrating a track record of success.

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The Foundations of Operational Excellence (Part 1 of 3)

Construction Business Owner

If net profits are good, companies often think they’re effectively managing their money, processes and talent. In a great economy, profitability can provide firms with a false sense of security.

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Severfield soars with strong profit and record revenue

Construction Enquirer

Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.

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Engineering losses halve Briggs & Forrester profit

Construction Enquirer

Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m

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How Can Home Sellers Maximize Their Profits?

Learn Civil Engineering

For home sellers, the ultimate goal is not only to secure a successful sale but also to maximize their profits from the transaction. Selling a home is a significant financial transaction that involves careful planning, market insight, and strategic decision-making.

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Winvic profit falls a third after losses on two jobs

Construction Enquirer

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m He said: “The business has included losses within these results on two major projects secured prior to the Covid 19 pandemic.

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Profits soar at Caddick Group in “rude health”

Construction Enquirer

Caddick Group saw profits jump by more than 40% as it posted latest results for the year ending August 2022. Across the group – which includes Moda Living, Caddick Developments and Caddick Construction – pre-tax profits hit £58m from a turnover up 28% to £492m.