July 24, 2024
Tata's Gigafactory Development Underway with Sir Robert McAlpine

Tata’s Gigafactory Development Underway with Sir Robert McAlpine

Agratas, Tata’s gigafactory company, has appointed Sir Robert McAlpine to develop the new facility near Bridgwater in Somerset. Sir Robert McAlpine will commence preparations for the development, which is expected to be operational in 2026. Preparatory works have been ongoing at the site for several months, with piling for Building

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Construction landmark celebrated at Greenhill Centre, Newham

Construction landmark celebrated at Greenhill Centre, Newham

A significant milestone in the delivery of 81 affordable, low-energy homes at Greenhill Centre in Newham has been marked with an official topping-out ceremony. Higgins Partnerships was joined by the Mayor of Newham, Rokhsana Fiza OBE and its partners Newham Council to celebrate the progress being made in delivering these

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Bromford retains A+ stable rating with S&P

Bromford retains A+ stable rating with S&P

Leading regional housing association Bromford has retained its A+ stable credit rating from S&P Global Ratings. S&P highlighted Bromford’s “solid management expertise”, “prudent cost planning and financial headroom”, and “very strong liquidity” as key factors in their decision to maintain the A+ stable rating. The agency carried out its latest

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Faraday Launches Dedicated Customer Portal App, Faraday Connect

Faraday Launches Dedicated Customer Portal App, Faraday Connect

Celebrating the release of their new customer portal app, Faraday Connect, leading property management and surveying agents Faraday are proud to continually evolve and improve their customers’ experience. As the first of many developments and with over 4,000 app downloads, the launch of the Faraday Connect app marks a milestone

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York approves new government office block

York approves new government office block

Plans to develop a modern government office development in York have been approved. The application to build a six-storey, 195,000 sq ft government hub, put forward by partners the Government Property Agency (GPA), Homes England and Network Rail, was given the green light by the City of York Council. Earmarked

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FOR EV supercharges senior team with appointment of new CFO

FOR EV supercharges senior team with appointment of new CFO

One of Scotland’s pioneering suppliers of EV infrastructure, FOR EV, has further expanded its team with the appointment of Graham Neill as Chief Financial Officer (CFO).   Supporting businesses in their transition to electric fleets through its bespoke ‘FOR Fleets’ proposition, FOR EV is paving the way for sustainable change

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Latest Issue
Issue 322 : Nov 2024

July 24, 2024

UK May Require New Gas-Fired Power Stations to Achieve Grid Decarbonisation

UK May Require New Gas-Fired Power Stations to Achieve Grid Decarbonisation

New nuclear capacity may not be ready in time to provide the required increase in baseload electricity, according to a recent report from the National Engineering Policy Centre. As a result, the UK may need to approve new gas-fired power stations to decarbonise its electricity systems by 2030, presenting a challenging decision for the Labour government. The report indicates that maintaining the electricity supply for the rest of the decade and beyond will necessitate additional baseload power, which new nuclear power stations will not be able to provide in time. While the UK’s existing gas-fired power stations are expected to continue operating as long as possible, more will likely be needed. Although wind and solar generation are poised for significant expansion, the country’s nuclear reactors are ageing, and coal is nearly phased out. Nilay Shah, a professor of process systems engineering at Imperial College London and a co-author of the report, stated: “There is a reasonable chance that we will need new gas-fired power stations.” However, he emphasised the importance of ensuring these stations are genuinely ready for the attachment of carbon capture and storage (CCS) technology, potentially by locating them near underground carbon storage sites. The number of new stations required will depend on factors such as the construction of new interconnectors between the UK and overseas electricity grids. Simon Harrison, head of strategy at the engineering company Mott MacDonald and co-chair of the committee that authored the report, added that having a small number of gas-fired power stations would enhance the UK’s resilience, even if they produce some carbon emissions. “We have to not be purist about unabated gas,” he remarked. This situation presents a tough decision for Ed Miliband, the energy and net zero secretary, as he strives to meet the ambitious target of decarbonising electricity generation by 2030. Jess Ralston, head of energy at the Energy and Climate Intelligence Unit think tank, noted: “Keeping a supply of unabated gas plants in 2030 – some new as older ones are planned to go offline before then – in reality would probably mean they are only on for short, infrequent periods of time. These plants will probably be expensive to run, and gas prices are predicted to remain volatile, so it is in consumer interests to keep their usage low as well as in the interests of our energy security and, of course, climate change.” Labour acknowledged in its manifesto the likely need to maintain some “unabated gas” – that is, without CCS – for supply security. The Committee on Climate Change has also stated that some gas-fired electricity could be necessary even as the UK aims for net zero greenhouse gas emissions by 2050. Miliband will also face significant challenges in updating the UK’s ageing electricity grid and constructing new pylons required for power transmission from new onshore and offshore wind and solar farms. The report highlights the need for substantial work on transmission infrastructure, including new pylons. Although local objections are expected, the upgrade promises nationwide benefits, such as job creation, regional economic revitalisation, cleaner air, better health, and reduced climate crisis impacts. Protests against new pylons have been organised by local groups and supported by Green and Liberal Democrat politicians. While the Conservative party manifesto promised to bury pylons, this method is more expensive than using overhead cables. “We need to show people the benefits,” Harrison said, calling for a robust public debate on the plan. He urged Labour to engage more effectively than previous administrations: “There needs to be a different level of engagement than we have seen in recent times.” The report also advises caution regarding the future of biomass power in the UK, recommending that ministers make “stop-go decisions on future support” for it. Ministers face pressure to approve substantial new subsidies for large biomass-burning power stations like Drax, which provide baseload power but are controversial due to their reliance on wood burning. “Biomass generation is only worth supporting if the emissions savings are genuine and based on sustainable feedstocks, which is contested for biomass pellet imports to the UK,” the report said. A spokesperson for the Department for Energy Security and Net Zero stated: “We are taking immediate action implementing our long-term plan to make Britain a clean energy superpower. This is the only way to guarantee our energy security and protect bill-payers permanently, which is why we will double onshore wind, treble solar, and quadruple offshore wind by 2030. We will also maintain a strategic reserve of gas power stations to guarantee supply security.”

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Tata's Gigafactory Development Underway with Sir Robert McAlpine

Tata’s Gigafactory Development Underway with Sir Robert McAlpine

Agratas, Tata’s gigafactory company, has appointed Sir Robert McAlpine to develop the new facility near Bridgwater in Somerset. Sir Robert McAlpine will commence preparations for the development, which is expected to be operational in 2026. Preparatory works have been ongoing at the site for several months, with piling for Building One set to begin in the coming weeks. Joe Hibbert, VP for Capital Projects at Agratas, commented: “The beginning of this partnership with Sir Robert McAlpine is another pivotal moment for our nationally significant project. The team brings an unrivalled commitment to technical excellence, client service, sustainability, and exemplary project delivery, and most importantly, they live and breathe our shared vision of placing community at the heart of everything we do.” Tata-owned Jaguar Land Rover will be the main UK customer, but the batteries will likely also be used by other automotive companies and in energy storage solutions. Once all phases of construction are complete, the 40GWh facility is set to be the largest of its kind in the UK and by the early 2030s will contribute almost half of the projected battery manufacturing capacity required for the UK automotive sector. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Major development in Hemel Hempstead sets new logistics property standard

Major development in Hemel Hempstead sets new logistics property standard

The latest expansion of Prologis Park Hemel Hempstead has reached a key milestone, as new units begin to take shape. Leading investor, owner and developer of logistics property, Prologis UK has commenced erecting the steel frames for five of the most innovative new logistics facilities in the UK market. Steelworks have been completed on two units with work progressing on the remaining three units. The units, ranging between 20,000 and 75,000 sq. ft., will introduce a further 280,000 sq. ft. of prime industrial and logistics (I&L) space to Hemel Hempstead. The expansion, under construction at Maylands Business Park, is an example of Prologis’ commitment to pushing the boundaries with market-leading design features focused on sustainability, customer and community needs. Directly addressing the growing need for office space to complement logistics and fulfilment operations in the area, three of the five new units will be built with flexible mezzanine spaces above the dock doors. Making use of the space above loading dock doors is an innovative new design approach, allowing for either office areas to be expanded, or configured to provide extra storage space, benchwork, assembly or racking, across the lifespan of the unit. Also featured in the new unit designs are terraces, directly accessible from the first-floor offices, increasing the amenity space available and employee wellbeing allowing them to easily access further outdoor space for breaks.  Each of the new units will also come complete with well-appointed external amenities such as cycle shelters with green roofs and repair points, timber benches and extensive landscaping, as well as capability for electric bike charging. As construction has progressed, Prologis UK has planned significant new strategies to further reduce carbon emissions, through the use of cement replacement in concrete, and steel produced in an electric arc furnace, which emits 65 per cent less carbon than traditional blast furnace manufacturing. This environment-first approach has been further implemented during the construction phase with the site cabins being powered by hydrogenated vegetable oil. Overall, Prologis expects to drive out around 2,400 tonnes of embodied carbon from the project through these measures. The new units are also being built with the future in mind and the installation of large photovoltaic arrays generating between 49,000 and 228,000 kWh per annum, will allow them to generate their own energy reducing reliance on grid power. Leading the way in sustainable development, all five of the units will achieve net-zero regulated energy use in line with the requirements of an EPC A+-rated building and embodied carbon will be measured, reduced and mitigated in line with the UKGBC net zero carbon framework. Pioneering best practice, each unit is on track to achieve BREEAM “Outstanding”, awarded to less than 1% of non-domestic buildings. This industry-leading rating is the result of integrating cutting-edge technologies and design principles to reduce environmental impact, highlighting Prologis UK’s exceptional commitment to sustainability. Martin Cooper, VP Development Management at Prologis UK, said: “These are exemplar sustainable buildings that are designed to suit our customers’ needs now, whilst ensuring long-term flexibility and future proofing.  We’ve worked closely with local authorities to provide an outstanding Prologis Park setting and surroundings, reinforcing Hemel Hempstead as a leading destination for long term growth.” The expansion of Prologis Park Hemel Hempstead is set to be completed in January 2025. Building, Design & Construction Magazine | The Choice of Industry Professionals

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The Oxford Trust submits plans for new Aspen Building to boost start-up laboratory space in Headington

The Oxford Trust submits plans for new Aspen Building to boost start-up laboratory space in Headington

The Oxford Trust has submitted plans to Oxford City Council for its new Aspen Building to be built at the Wood Centre for Innovation in Headington, Oxford, to provide additional laboratory and office grow-on space for science and tech start-ups. The Aspen Building at the Wood Centre for Innovation, named after the Trust’s late founder Sir Martin Wood’s favourite tree, has been designed in response to the increased demand for grow-on laboratory space in Oxford, particularly within the globally significant Headington Science Cluster. It will enable the Trust to further its mission and support for scientific research, discovery and education. It will total 12,926 sq ft (1,200 sq m) over two floors to provide flexible CL II laboratory and office space. The building will also include a new STEM resources and preparation room that will allow the Trust to support the increase in demand for its outreach delivery to schools across Oxfordshire and Buckinghamshire as well as local communities and further the impact of its Science Oxford education programme. The building will target BREEAM Excellent and include photovoltaic roof panels, a green wall, cycle parking, shower and locker facilities and a minimum 10% biodiversity net gain to enhance its surrounding 15-acres of woodlands, ponds and grassland. Harvesting and storing rainwater will provide grey water for toilets and, separately, additional flow for the ponds. The Aspen Building has been sensitively and sustainably designed and carefully positioned in the site on the existing car park to fit into its surroundings by a leading group of local architects, landscape designers, ecologists, project managers and planning consultants. The design will mirror and complement the existing buildings and will be landscaped to enhance the site. Car parking will remain at the same level and, to continue the encouragement of sustainable travel, additional rapid electric vehicle charging bays will help the adoption of this technology. The Wood Centre for Innovation, which was opened in 2019 and is also the Trust’s HQ, totals 14,961 sq ft (1,390 sq m) of CL II laboratory and workspace across two floors and is home to pioneering science and technology companies, Barclays Eagle Lab incubator and Oxford Hospital Charity which together employ 191 people. Companies include: DJS Antibodies, PicturaBio, Helio Display Materials, RedShiftBio, Jack Fertility, Samsara Therapeutics, Lumai and Spintex. The Wood Centre for Innovation adjoins the Trust’s Science Oxford Centre, which is the first indoor-outdoor hands-on science education centre for primary-aged children in the UK. Since opening the Centre five years ago, Science Oxford has run more than 600 term time school visits and 240 Family Days on Saturdays. Under the Trust’s charitable business model, the funds generated from leasing the laboratory and office space will be reinvested in its innovation and STEM education and engagement programmes. Steve Burgess, chief executive officer, The Oxford Trust said: “All our Wood Centre for Innovation companies are pushing the boundaries of research and development with breakthroughs in biotech and deep tech, driving positive change. “This multi-million pound investment funded by the Trust underlines our commitment to the Headington Science Cluster. The Aspen Building will mean we can continue expanding our support of science and tech start-ups by providing high-quality R&D lab and office space for grow-on companies to further scientific research and discovery, create local jobs, and contribute to Oxfordshire’s impressive wider innovation ecosystem. “The Aspen Building at the Wood Centre for Innovation will also allow the Trust to further expand the impact of its Science Oxford education programme with a new resources and preparation room to support the growing demand for outreach delivery in local schools and communities. We hope to inspire even more young people about the wonders of STEM.” Glen Moses, architect and project director, ADP Architecture added: “Our brief was to design a new carbon-efficient building with flexible laboratory and workspace to both enhance the Wood Centre for Innovation site and sit beautifully within its surroundings. We have worked hard with the consultancy team and carried out public consultation with the Trust to ensure that the Aspen Building is low impact while helping to boost life-enhancing discovery. It has been a pleasure to have the opportunity to build on the success of the Science Oxford Centre and the Wood Centre for Innovation and to assist The Oxford Trust in continuing is mission on its important and sensitive site in Headington.” The project team includes ADP Architecture, Carter Jonas, BSG Ecology, Landshape, Glanville, Gleeds, Sylva Trees and CPW. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Construction landmark celebrated at Greenhill Centre, Newham

Construction landmark celebrated at Greenhill Centre, Newham

A significant milestone in the delivery of 81 affordable, low-energy homes at Greenhill Centre in Newham has been marked with an official topping-out ceremony. Higgins Partnerships was joined by the Mayor of Newham, Rokhsana Fiza OBE and its partners Newham Council to celebrate the progress being made in delivering these new homes, which will achieve Passivhaus Classic certification. This ensures the homes will have reduced energy costs and improved comfort and air quality for residents. Located in Manor Park, the development features three blocks: an eight storey building, a five storey building and a multi-level building with heights varying from two to seven storeys. Of of the 81 homes, 56 will be available at London Affordable Rent and 25 will be offered for low-cost shared ownership, with partial funding from the Greater London Authority. Designed by architects Haworth Tomkins, the scheme will also include a new gym space and landscape improvements, with a focus on preserving existing mature trees on the site and creating a new community garden. Colin Ricketts, Regional Director of Higgins Partnerships commented, “We are proud to welcome the Mayor of Newham here to Greenhill Centre to mark this significant point in the delivery of these affordable homes, which have been designed to ensure residents benefit from increased thermal comfort, improved indoor air quality and lower energy bills. “As part of our commitment as a socially responsible developer, we are also working closely with the local community to provide a wide range of social value initiatives, including Eat Clubs, volunteering opportunities, community garden and environmental initiatives, working with schools and colleges to provide career and work of work sessions, and community sport sessions.” Mayor Rokhsana Fiaz OBE said: “This development forms part of our ambition to deliver homes that our people can afford. In the face of this country’s crushing housing crisis, we are making the case to the new government that they need to support councils like Newham to deliver more and more homes. “I am working with the Cabinet and council officers to make that ambition a reality, along with Higgins Partnerships, who are supporting us on this particular scheme which will deliver 56 new homes at London affordable rent and 25 homes at low-cost shared ownership. “This is an example of our commitment to deliver more affordable housing and I look forward seeing the completed scheme next Autumn.” Higgins is also providing a range of apprenticeship and work placement opportunities, throughout the construction of Greenhill Centre. One such apprentice is Mikael Mustafa, a local Newham resident who is now a Business Admin Apprentice in Higgins’ head office and part of the Social Value team. Mikael shared his experience, saying: “Doing an apprenticeship means I am able to put what I learn in college into practice working in the Social Value team. I really enjoyed maths at school and so use my skills to support the rest of the team by recording all the social value data as well as taking part in a variety of employability volunteering events in the local community. “Every day brings different challenges which keep me motivated to become better. If I am unsure of anything I can ask my team and Manager for help, and they take their time to explain everything to me. I really enjoy the flexibility and the range of tasks in my role. I am grateful for the support Higgins and Ixion have given me and am hoping to move onto a Level 4 apprenticeship once I have completed my Level 3.” For further information about Higgins Partnerships please visit www.higginspartnerships.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

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Bromford retains A+ stable rating with S&P

Bromford retains A+ stable rating with S&P

Leading regional housing association Bromford has retained its A+ stable credit rating from S&P Global Ratings. S&P highlighted Bromford’s “solid management expertise”, “prudent cost planning and financial headroom”, and “very strong liquidity” as key factors in their decision to maintain the A+ stable rating. The agency carried out its latest review of the Gloucestershire-based housing association earlier in July, examining the progress against its new strategy and business plan which sets out Bromford’s ambitions to build 11,000 new homes by 2032 and to invest £2 billion in maintaining and upgrading its existing homes, including improvements to make them more energy efficient. Bromford recently announced that it had entered into discussions with Flagship Housing Group to create one of the largest housing associations in the country, with 80,000 homes across the central belt of England and the capacity to build up to 2,000 new homes every year whilst maintaining a sector leading A+ / A2 credit rating platform.  S&P Global have reviewed the combined organisation’s initial financial analysis and confirmed it continues to reflect an A+ rating, commenting: “Bromford’s currently strong financial indicators would mitigate pressure of the potential business combination, and hence we do not expect it to have an immediate impact on our rating on Bromford.” In the S&P report published yesterday, the agency pointed to the flexibility in Bromford’s robust financial plans around its investment in existing and new homes among the reasons for the housing association retaining its rating. The global ratings agency, said: “The affirmation of the A+ rating reflects our view that Bromford’s prudent cost planning and financial headroom, along with expected improvement in economic conditions, will support the group’s solid credit metrics.” The S&P report, added: “We view favourably Bromford’s flexibility over its investments in new and existing homes. With a proven track record, we expect the group to continue generating some cost efficiencies. This, along with the solid quality of the group’s existing assets, will provide Bromford the headroom to adjust costs, if needed.” Earlier in the year, the housing association held a dedicated workshop with the agency and a small group of its customers, who shared their experiences living in a Bromford home and discussed how this is taken into account by credit rating agencies. Bromford’s director of treasury Imran Mubeen said: “We’re delighted that S&P has recognised our performance over the past year by re-affirming our A+ rating with a stable outlook. The A+ stable rating is also testimony to the opportunity and capacity we can create through the proposed merger with Flagship, with £5 billion of new funding over the next 15 years delivering over 30,000 new, affordable, energy efficient homes perfectly curated within our existing financial framework and A+ rating envelope. We arrive here by design and through intent, with a full shadow credit analysis run on every iteration of the business plan we produce. This is particularly important at a time when we are seeing continued pressure in our sector and a migration to the weaker single A or BBB. “Throughout the rating process, we believe it’s important to showcase how we are delivering for our customers. It is also our responsibility to explain our business plan and treasury strategy to them. That’s why we were pleased to give S&P the opportunity to meet our customers during the year, allowing the agency to hear directly from customers about their lived experiences in their homes and their engagement with our broader services. “The confirmation of this rating, along with our A2 rating from Moody’s will support us when we return to the market to seek additional funds, helping us achieve our goals of tackling the housing crisis by building more homes, investing in our existing properties, and progressing towards net zero, all underpinned by sector leading funding deals.” Bromford has retained its rating after a year in which it has successfully unlocked its balance sheet capacity to deliver new funding through expanding its portfolio of revolving credit facilities to £450 million, securing new private placements with UK and US investors worth £100 million, and co-creating a new pathway to funding with Legal and General Investment Management worth £50 million. In June 2024, Bromford also completed a £200 million sustainability linked loan with key funding partner NatWest. Read the full report from S&P Global Ratings. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Faraday Launches Dedicated Customer Portal App, Faraday Connect

Faraday Launches Dedicated Customer Portal App, Faraday Connect

Celebrating the release of their new customer portal app, Faraday Connect, leading property management and surveying agents Faraday are proud to continually evolve and improve their customers’ experience. As the first of many developments and with over 4,000 app downloads, the launch of the Faraday Connect app marks a milestone for Faraday in transforming the way leaseholders and property owners engage and communicate with their property managers and surveyors. With enhanced access to the portal anytime and anywhere, Faraday understands the significance of convenience for their customers. By extending the portal’s availability with a user-friendly app, users can now access Faraday Connect from any mobile device. Following their recent launch, Faraday are already planning to introduce new features to ensure the platform continues to enhance their communications. Aimed at empowering users, Faraday Connect enables customers to conduct real-time financial monitoring, effortlessly engage with their community, and instantly raise and track requests, all at the touch of a few buttons. Faraday’s Managing Director, Russell O’Connor, added: “In today’s digital world, it is increasingly important that information is easily accessible. With the development of Faraday Connect, we prioritise our customers’ ability to instantly connect with their property managers and retrieve important documents such as key building and leasehold documents. As ethical and transparent agents, we pride ourselves on making it easy for customers to find important information, which is why our portal acts as an easy-to-use hub for service charge details, fostering open lines of communication and tracking their request progress.” Director’s Area By extension, Faraday Connect grants Directors improved access to information through a secure and dedicated area. This exclusive Directors area also offers easier ways to communicate with their property management teams transparently and efficiently, further enhancing the platform’s functionality. Faraday’s dedicated team brings years of specialised experience in building surveying and property management. Whether you have a historic or new build, using the latest technology, Faraday is equipped to support your property’s unique needs and enhance your property management experience. Building, Design & Construction Magazine | The Choice of Industry Professionals

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York approves new government office block

York approves new government office block

Plans to develop a modern government office development in York have been approved. The application to build a six-storey, 195,000 sq ft government hub, put forward by partners the Government Property Agency (GPA), Homes England and Network Rail, was given the green light by the City of York Council. Earmarked for completion in 2027/2028, the hub will be home to up to 2,600 civil servants. Building features include solar panels, air source heat pumps and a green roof, as well as 230 cycle spaces and a planted pedestrian area. The development includes 135,000 sq ft of flexible office space, with ground floor retail and ancillary space. The hub is the first part of York Central – a major initiative to redevelop a substantial area of land close to York city centre and boost the regional economy. Mark Bourgeois, the GPA’s CEO, said: “We are delighted to achieve planning permission to develop this new facility, which will deliver a modern, inspirational and energy-efficient office development for up to 2,600 civil servants. “The new hub will help to accelerate the York Central development, stimulate economic growth and investment in the North of England as well as supporting the transformation of the Civil Service. “It’s another milestone for us at the Government Property Agency to deliver smart, modern, sustainable and digitally connected workplaces that focus on improving productivity and wellbeing.” York Central is one of the largest brownfield sites in the UK, and is located next to the city’s railway station. The scheme is being brought forward by a collaborative partnership between Homes England, Network Rail, the City of York Council and the National Railway Museum. It will be developed by private sector partners McLaren Property and Arlington Real Estate. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Esh Group sees 50% rise in profits and is poised for the future with £1.6bn record order book

Esh Group sees 50% rise in profits and is poised for the future with £1.6bn record order book

One of the largest privately-owned contractors in the North of England has posted a 50 per cent increase in pre-tax profit for 2023 as its robust business model continues to yield results. While the construction industry continued to wrestle with a range of challenges during the year, Esh Group reported pre-tax profits of £3.1 million, up from £2 million the previous year. The firm’s portfolio centres on work for local authorities, utility and environmental companies, registered affordable housing providers, as well as the private housing sector, and Chief Executive Andy Radcliffe is looking to the future with the largest forward order book in its 25-year history on the horizon. He said: “Our strategically designed business model stands out for its inbuilt resilience. At its core is the ability to even out the peaks and troughs of the construction industry’s demand profile over the economic cycle – this design has proven a success and seen us through the challenging times that the industry has experienced over the last few years. “Our headline order book figure is substantial, and crucially it provides over 10 years of pipeline visibility for the group. Having invested heavily in capacity, resources and technology, we are equipped to execute our strategic growth plans and are actively seeking further opportunities within our core markets, and so expect to see both turnover growth and margin expansion over the coming years. Despite the broader economic picture demonstrating a degree of volatility, we remain optimistic about the future.” Esh Group continued its focus on driving capital efficiency across all operations, leading to an increase in liquidity to £23 million, up £4 million from the previous year, whilst remaining debt free with nothing drawn on its £6 million credit line. Whilst turnover remained at £261 million, improvements in both its contracting and development performance resulted in the reported increase in pre-tax profits. Radcliffe added: “During the year, we concluded a wide range of projects that were heavily impacted by post-pandemic supply chain and inflationary pressures, which was no mean feat and a major milestone which gives rise to a more favourable back drop for 2024. These negative factors were more than offset by stronger performances on newer contracts, which were supported by considerable improvements in operational execution. “Coupled with the inflationary environment remaining relatively benign, we are continuing to see buoyancy in our target sectors. The desire to rebalance economic prosperity across the country is driving funding for major infrastructure and regeneration schemes, whilst the ongoing demand for new social housing stock and retrofitting of existing stock in line with decarbonisation targets has continued to fuel growth. “We are also confident that the core policy agendas for the new Government will provide a favourable back drop for our chosen market segments, and therefore see only positives for our business on the back of the election result.” Esh Group’s forward order book across its civil engineering, affordable housing, commercial build, and private housebuilding divisions has seen a remarkable increase in the year. The investment programmes for improving wastewater and flood management infrastructure have skyrocketed – the AMP 8 period will be the biggest programme of work the sector has seen – and Esh has secured its place on five capital delivery frameworks with Northumbrian Water Group and the Environment Agency. The 750-strong contractor has seen considerable market share growth within the affordable housing sector, most notably the Seaham Garden Village development where work has begun on the first phase of 750 affordable homes in partnership with Karbon Homes. The pivot towards increasing land led developments is also paying dividends, with Esh having the largest pipeline of this route-to-market since embarking on the strategy. In the private housing market, Esh’s private housebuilding division, Homes by Esh, is on course to nearly double its number of live developments in the North East before the end of 2024. Flagship schemes including the landmark restoration of the Tyne Bridge – one of the most complex and challenging engineering projects the North East has seen in recent years – and the ‘transformational’ Stockton Waterfront Urban Park feature in Esh’s civil engineering major projects portfolio. Radcliffe concluded: “We will strive to become the trusted expert for our clients, with a laser focus on quality, health and safety, dependability, and innovation, whilst continuing to deliver one of the most comprehensive social value offerings in the industry. “In April this year, we held an event which brought the whole group together to learn about our overarching strategy and divisional business plans. We did this because we are a business of many parts, specialities and expertise, and a key factor in delivering the next stage of our strategy is our team of highly skilled and dedicated colleagues, each of whom have a part to play in this exciting journey – and as always, we are enormously grateful to our valued clients and our loyal supply chains for their continued support.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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FOR EV supercharges senior team with appointment of new CFO

FOR EV supercharges senior team with appointment of new CFO

One of Scotland’s pioneering suppliers of EV infrastructure, FOR EV, has further expanded its team with the appointment of Graham Neill as Chief Financial Officer (CFO).   Supporting businesses in their transition to electric fleets through its bespoke ‘FOR Fleets’ proposition, FOR EV is paving the way for sustainable change across the country. In addition to its innovative fleet solution, the company is soon to launch its 30th public charging hub in Scotland, supporting both Government’s net zero ambitions and the drive to shift the UK to electric vehicles as standard. Graham joins FOR EV from his previous role as Investment Director at N4 Partners. With a background in professional services, debt finance and private equity, Graham has exceptional expertise across strategy and finance, having worked with several global businesses spanning sectors including oil and gas, renewables and financial services. His appointment marks another step in FOR EV’s successful journey, three years on from the Scottish National Investment Bank’s initial equity investment in 2021. The Bank has since provided additional funding to FOR EV, with the latest £10m investment announced in June. The funding supercharges the company’s plans to scale up its fleet offering and further grow its network of accessible charging destinations across the UK. To boost its ambitions to bring reliable, high-quality EV charge points to even more locations, the company plans to go to market later this year for its next round of scale-up investment. Discussing his appointment, Graham Neill, CFO at FOR EV said: “Making this move into the EV sector is a very exciting next step in my career. The EV world has grown significantly over the past decade, and this is only set to continue at pace as more fleets and drivers embrace electric vehicles. It’s a fast-moving industry, and one that supports Government ambition both in Scotland and the UK.  “As a company that puts all of its effort into positively impacting both people and the planet, FOR EV has established a leading market position within the EV sector and is perfectly positioned to lead the pack. I look forward to contributing to its growth journey.” FOR EV’s CEO, Steve Dunlop, said: “Graham joins our team with fantastic knowledge of the financial landscape. After several years of growth, we’re now at a pivotal point in FOR EV’s success as we venture the wider market for funding to underpin our next growth stage.  “Graham will be pivotal to realising our aspirations to help even more businesses in their transition towards sustainable EV fleets.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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