Cardo Group Builds £314m Maintenance Business as Acquisition Strategy Accelerates
Cardo Group has rapidly expanded its position in the UK building maintenance market, creating a business with full-year revenues of £314 million following a sustained programme of acquisitions and organic growth. The Cardiff-based group, which specialises in repairs, maintenance and improvement services for the social housing sector, reported statutory turnover of £239 million for the year to February 2026, representing a 65% increase. Growth was supported by seven acquisitions during the period alongside expansion across Cardo’s existing operations, as the business continues to build greater regional coverage and broaden the specialist services it can provide to housing clients. Operating profit more than doubled from £6 million to £14 million, with the operating margin increasing from 4.3% to 5.8%. However, the scale of the enlarged group is better reflected by full-year trading figures incorporating 12 months of revenue from the acquired businesses, which put turnover at £314 million and adjusted EBITDA at almost £32 million. Cardo’s acquisition programme has brought a diverse range of building maintenance capabilities into the group. Deals have included Breyer’s roofing division, energy specialist SERS operations in Scotland and Wales, CTS Projects, Scottish roofing contractor Faskin Group, passive fire protection specialist Gunfire and Trident Maintenance Services. Expansion has continued since the financial year-end. Welsh electrical maintenance specialist EFS Systems (UK) joined Cardo in May, followed in July by R Lewis & Co (UK) Holdings and subsidiary R Lewis & Co (UK), strengthening the group’s passive fire safety capabilities. In August, Cardo added Andover-based plumbing and heating specialist Correct Contract Services, further expanding its building services offering and geographical reach. The acquisition strategy has been accompanied by significant workforce growth. Average employee numbers increased from approximately 780 to 1,276, with much of the expansion concentrated within operational roles. Cardo’s balance sheet also reflects the pace of investment. Cash increased from £9.9 million to £15.1 million, while long-term creditors rose from £30.5 million to £81.6 million as acquisition financing was deployed to support the group’s expansion. The business is now looking to combine further strategic acquisitions with organic growth secured through long-term repairs and maintenance contracts. Its strategy is particularly focused on strengthening regional delivery capabilities across the social housing market while bringing together complementary services including roofing, electrical works, heating, energy efficiency and passive fire protection. Further consolidation is also planned within Scotland, where Heatcare Oil and Gas and Rodgers & Johnston are set to be integrated into Cardo Scotland. With a strong forward order book and growing pipeline of opportunities, Cardo is positioning the enlarged group for further expansion as investment in housing maintenance, building safety, energy efficiency and asset improvement continues across the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals
£120bn Government FM Framework Sets Stage for Major Public Estate Contracts
Some of the UK’s biggest facilities management and building services contractors have secured positions on a new government framework valued at up to £120 billion, opening the door to a major pipeline of public estate work over the next eight years. The Government Commercial Agency framework, RM6378, is set to become a recommended procurement route for facilities management services across central government. It will also be available to local authorities, NHS organisations, police forces, fire and rescue services, education bodies and devolved administrations. Competition for the largest Total Facilities Management contracts has attracted many of the sector’s leading names. Eighteen businesses have been appointed to the highest-value lot, covering individual contracts worth more than £15 million annually. The successful firms include Amey, CBRE, Compass, Dalkia, Equans, G4S Facilities Management, ISS, JLL, Kier, Mitie, OCS, Robertson Facilities Management, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates. For the construction and built environment industry, the framework also represents a substantial opportunity for contractors delivering hard FM, engineering, maintenance and asset management services across the public estate. Forty businesses have secured positions on the major Hard FM lot for contracts valued above £2 million per year. Among those appointed are Amey, BAM FM, CBRE, Dalkia, Equans, Galliford Try, Graham Asset Management, Kier, Mears, Mitie, NG Bailey, OCS, Robertson, Serco, Skanska, Vinci Facilities, Vivo and Wates. The framework has been structured to accommodate public sector estates and contracts of significantly different scales. Total FM is divided into three bands covering contracts worth up to £2 million annually, between £2 million and £15 million, and more than £15 million. Hard FM is split between contracts below and above £2 million a year. A core group of contractors has achieved particularly strong coverage across the framework. Fifteen firms secured places across all five Total FM and Hard FM lots: Amey, CBRE, Equans, ISS, JLL, Kier, Mitie, OCS, Robertson, Serco, Skanska, Sodexo, Vinci Facilities, Vivo Defence Services and Wates Property Services. A further group, including BAM FM, Dalkia Facilities, Galliford Try Facilities Management, Graham Asset Management and Mears FM, secured positions across four lots. The scale and duration of the framework make it an important development for the management and maintenance of the UK’s public buildings and infrastructure. Alongside day-to-day FM provision, major hard services contracts can encompass the engineering, maintenance and long-term performance of complex property portfolios. With public bodies continuing to face pressure to improve building efficiency, modernise ageing estates and manage assets more effectively, the framework provides a long-term procurement platform through which significant programmes of FM and building services work can be commissioned. The agreement is scheduled to operate for eight years, running through to August 2034, giving successful contractors access to what could become one of the most significant public sector facilities management pipelines in the UK. Main Total FM and Hard FM winners Building, Design & Construction Magazine | The Choice of Industry Professionals
Schedule, stamped drawings and expansion: why low-rise developers keep choosing pre-engineered steel
Pre-engineered steel is taking share in low-rise commercial development because it moves structural engineering, fabrication and quality control off the site and into a factory, which shortens the critical path and puts a code-ready, stamped drawing set in the developer’s hands earlier than conventional construction usually manages. Metal building systems account for a substantial share of new low-rise, nonresidential floor area in the United States, a position the Metal Building Manufacturers Association follows through its industry trends reporting, and that share was built up over decades on warehouses, light industrial units, retail shells, offices and mixed-use blocks of two or three storeys. The model is less familiar to UK developers, but the reasoning behind it travels, and so does the main procurement trap inside it. Most published comparisons of pre-engineered steel lead with cost. That framing is the least useful one for a developer, because price is the output of a specification that has not been written yet. The four things worth examining before that point are schedule sequencing, the engineering documents, how expansion gets designed in, and who you are actually buying from. The schedule argument is a sequencing argument The schedule gain in a pre-engineered steel building comes from parallel work, not from fast erection. While the primary frames, secondary framing and cladding are being fabricated in a plant, the site is doing groundworks, drainage and foundations, so two long-lead activities run side by side instead of end to end. Erection is quick once the steel lands, but erection was never the part of the programme that hurt. That parallel sequence only holds if the design is frozen early. A pre-engineered system prices and fabricates against a fixed geometry, load case and opening schedule, so a decision to move a roller door or add a mezzanine after release to fabrication costs far more programme time than the same change would in a steel-frame build detailed on site. Developers who do well out of the format tend to be the ones who run their tenant conversations before release, not after. Weather exposure is the other schedule variable that changes shape. Factory fabrication in controlled conditions removes a large block of field labour from the programme, which matters more in a wet winter than any theoretical erection rate does. The site crew is bolting together finished members rather than cutting, fitting and welding in the open. Stamped drawings are the part developers underestimate Engineering documentation is the quiet reason pre-engineered systems clear approvals faster. A genuine manufacturer produces the anchor bolt plan, reactions, frame cross-sections and erection drawings as part of the order, sealed by a professional engineer licensed in the project’s jurisdiction, so the building official and the developer’s own structural consultant are reviewing a coordinated set rather than assembling one. The practical value shows up at two moments. The first is permitting, where a complete stamped package tends to attract fewer requests for information. The second is foundation design, because the manufacturer’s reaction data is what the geotechnical and foundation engineers need before anyone pours anything, and late reactions stall the site while the steel sits in a plant yard. Ask at tender stage when the stamped drawings arrive, who seals them, and whether design changes after approval trigger a re-seal. The answers differentiate suppliers more sharply than any brochure claim about steel grade. Expansion has to be engineered before the first bolt goes in Expansion in a pre-engineered steel building is cheap if it was planned and awkward if it was not. A frame ordered as expandable gets a rigid endwall rather than a bearing endwall, with the foundations, bracing and reactions sized for the future bays, so adding 60 or 80 feet later means unbolting the sheeting and continuing the line. A frame ordered without that provision needs the endwall rebuilt and the foundations reworked, which is a different project. Developers holding land for phased delivery, or letting to tenants with growth clauses, should specify the expansion case in the original enquiry even if they never use it. The design cost of an expandable endwall is modest at order stage and effectively unrecoverable afterwards. Bolted steel frames also come apart, which matters for exit strategy and for planning arguments about circularity. UK guidance on recycling and reuse of structural steel records recovery rates for structural sections at the top end of construction materials, and a bolted, documented frame is considerably easier to demount and reuse than a welded or composite one. Manufacturer or broker is the question that decides the rest Much of the pre-engineered steel market is sold by brokers, dealers and kit resellers who do not own a plant, do not employ engineers and pass the order to whichever fabricator quotes best that month. The distinction is invisible in marketing and very visible in a dispute, because a reseller cannot reseal a drawing, cannot reschedule a fabrication slot and cannot answer a technical query without relaying it. Developers who buy on schedule certainty should be establishing, in writing, whether the counterparty manufactures. Buying manufacturer-direct compresses the chain to one accountable party for engineering, fabrication and delivery. Universal Steel of America, a Peachtree Corners company founded in 1995 that manufactures pre-engineered systems for low-rise projects only, runs that model across its commercial steel buildings work, with in-house engineering, PE-stamped drawings, and a stated plant network covering every region of the United States that ships directly to site from the closest plant. The point for a developer is not the brand but the structure of the relationship: when the engineer, the fabricator and the shipper answer to the same company, a mid-project change has one owner rather than three. Third-party accreditation helps test the claim. IAS AC472 accredits a metal building manufacturer’s design, fabrication and inspection programme, and a building official may accept that accreditation as evidence that the manufacturer qualifies as an approved fabricator under Chapter 17 of the International Building Code, which can remove duplicate in-shop inspections. One detail gets misread often: AC472
Who can quote for your new water connection: accredited contractors serving Hertfordshire and London
A new water connection in Hertfordshire or London can be priced by two kinds of organisation: the incumbent water company, which will be Affinity Water or Thames Water across most of the region, or an independent contractor holding WIRS accreditation under the Water Industry Registration Scheme. Both routes end with the same adopted asset on the same network, which is why a developer is entitled to put the two prices side by side before committing. Ofwat’s guidance on self-laying a connection sets out that choice in plain terms, and most water company quotations in the region are issued as convertible quotes that show what happens if an accredited self-lay provider does the constructible work instead. The providers below were selected on two tests only: they hold current WIRS accreditation, which can be checked on the LRQA WIRS provider search, and they publicly state that they work in Hertfordshire, London or both. They are listed alphabetically rather than ranked, because the right provider for a 40-plot residential site in Hemel Hempstead is rarely the right provider for a single 63mm commercial supply in Hackney. What part of the job is actually open to competition Only the contestable element of a new water connection can be priced by anyone other than the water company. Contestable work typically covers excavation, the laying of the new main and services, pressure testing, and reinstatement of the highway. Non-contestable work, which includes the final tie-in to the live main, network commissioning and certain water quality activities, stays with Affinity Water or Thames Water or their authorised agent. Two charges sit outside the competitive part altogether and should appear on any honest quote. The infrastructure charge is payable per connection regardless of who lays the pipe, and income offset is no longer available on new agreements entered into from 1 April 2025, so a quote that still deducts it is either legacy or wrong. Affinity Water publishes both in its developer charging arrangements, and Thames Water publishes the equivalent through its developer services pages. Six accredited contractors serving Hertfordshire and London 1. McFadden Utilities McFadden Utilities is a family-run utility contractor based in Welwyn Garden City, trading since 1980, with WIRS accreditation, WIAPS registration, ISO 9001, 14001 and 45001 certification and Constructionline Gold. The firm holds direct contracts with Affinity Water and Thames Water and is a confirmed HS2 supplier, which means the crews pricing a developer’s connection are the same crews working on the adopting company’s own network. That combination of clean water specialism, 24/7 standby capability and reinstatement carried out in-house rather than sublet is the practical reason developers ask new water connection contractors in Hertfordshire for a competing price once the water company’s quotation lands. On new connections the developer makes first contact with the water company and McFadden works alongside from that point, reviewing the water company’s design and delivering the contestable works through to adoption. 2. Aquamain UK Ltd Aquamain is a WIRS-accredited self-lay provider operating across the south of England, with a business built almost entirely around water network delivery rather than multi-utility packages. Developers who want a water specialist rather than a generalist coordinating four services at once tend to shortlist firms of this shape. Aquamain’s published coverage is regional rather than county by county, so confirm at enquiry stage that your specific Hertfordshire or London postcode falls inside its working area. 3. Cascade Water Services Ltd Cascade Water Services works from Little Wymondley near Hitchin and covers Hertfordshire, Bedfordshire and London, which makes it one of the few genuinely local options for sites in the Affinity Water region. Its LRQA-registered WIRS scopes cover construction of mains and services, routine mains connections and routine under pressure connections, alongside WIRS and WIAPS listings and the usual Achilles and Constructionline memberships. Cascade is a younger company than several on this list, incorporated in 2023, so ask for project references at a comparable size to your own. 4. Green Frog Utilities Ltd Green Frog Utilities is a multi-utility connections provider holding both WIRS and GIRS accreditation, with LRQA listing it in the South East region. The combined water and gas accreditation is the reason it appears on developer shortlists, because a single provider handling two services can compress the programme on a phased site. Its operational base is in Tamworth rather than the Home Counties, which is worth weighing if the job involves frequent short visits or reactive attendance. 5. Kilkern Ltd Kilkern is a civil engineering and utilities contractor that secured WIRS accreditation covering mains and services construction and routine mains connections, and appears on the LRQA register with the South East among its operating regions. The firm’s background in larger civils packages means it suits developments where the water connection sits inside a wider earthworks and infrastructure scope rather than standing alone. For a single service connection, a smaller specialist will usually price more keenly. 6. Utility Solutions Provider Ltd Utility Solutions Provider holds WIRS, WIAPS, NERS and GIRS accreditations and markets itself specifically at London and the Home Counties, working with Thames Water on new mains, service connections, adoptions and diversions. The four-scheme accreditation stack makes it a reasonable fit where electricity, gas and water all need to arrive on the same plot on the same programme. Ask how the water element is resourced internally, because multi-utility firms vary widely in whether water crews are directly employed or subcontracted. What a competing quote should contain before you compare it A self-lay quote and a water company quote are only comparable when both are broken down the same way, and most disputes in this market come from comparing two documents that count different things. Use the following checklist when the second price arrives. The WIRS scope matches the work. Construction of mains and services, routine mains connections and routine under pressure connections are separate accreditations, and a provider without the relevant scope will have to subcontract the part it cannot self-deliver. Contestable and non-contestable work are split on the page,
Significant Forward funding agreement confirmed for 353,000 sq ft of new industrial space at Eurocentral
Global real estate advisor, CBRE, has secured a forward funding agreement for five prime units at Orchard Park site Global real estate advisor CBRE has brokered a £72 million pre-construction forward funding commitment between a US based investor and Newlands Developments, in association with Tulchan Development, enabling the speculative delivery of much-needed industrial and logistics development in Central Scotland. The commitment represents the largest speculative forward funding deal for an industrial and logistics project in Scotland for 30 years. The investment will unlock the speculative delivery of Orchard Park, a 40-acre industrial and logistics development at Eurocentral, Scotland’s flagship logistics hub. The development will deliver 353,000 sq ft of new Grade A accommodation across five units ranging from 42,500 sq ft to 122,500 sq ft, with bespoke design options also available to suit occupier requirements. Development is scheduled to commence on site in Q1 2027 with practical completion targeted for Q2 2028. Occupying a strategic position within the Eurocentral estate, Orchard Park benefits from direct access to the M8 motorway via a dedicated junction, providing connectivity to the national motorway network, while Scotland’s two principal airports are both within a 30-minute drive of the development. Existing occupiers within Eurocentral span the distribution, logistics and office sectors, including DHL and GXO Logistics. The investment decision is underpinned by sustained occupier demand across Scotland’s industrial sector, particularly within the Central Belt and along the M8 corridor, where vacancy rates remain exceptionally low at approximately 2.5%. Bryce Stewart, Senior Director at CBRE and Iain Davidson, Director at Colliers, are the retained letting agents on the scheme. Stephanie Bishop, Development Director at Newlands Developments, commented: “This is a significant milestone for Scotland’s industrial and logistics market and a strong vote of confidence in the sector from one of the world’s leading real estate investors. We are delighted to be investing in Scotland again alongside our Glasgow-based delivery partner, Tulchan Developments. “We believe this investment will attract significant occupiers who require top quality buildings available in the immediate future. It will reinforce Scotland’s position as an increasingly important destination for industrial and logistics investment.” Douglas Steele, Associate Director at CBRE, said: “We are very pleased have brokered a transaction of this scale and significance, bringing a much-needed injection of capital into Scotland’s industrial and logistics sector.” “The deal reflects the growing international recognition of the opportunities within the country’s I&L sector. Orchard Park will be central in building that momentum, delivering high-quality, strategically located space that can help address occupier demand and set a new benchmark for industrial development in Scotland.” Building, Design & Construction Magazine | The Choice of Industry Professionals
One hundred and thirty-nine new homes delivered in Surrey
Thakeham and Abri have completed work at Manorwood, West Horsley, delivering 139 homes designed to reflect the character of the local area. The new community includes 56 affordable homes and 74 for private sale, comprising bungalows and 2, 3, and 4-bedroom homes. Manorwood is currently 90% sold, with just nine homes still available to buy. The homes feature electric vehicle (EV) charging points, and over 300 solar panels were installed across the site. Manorwood properties achieve an impressive reduction in carbon emissions, averaging 1.5 tonnes of CO2 per year, which is about half the UK average. In addition, the development has wildlife-friendly features such as bird and bat boxes. Local couple, Lia and Ross, who moved into their first home together recently said that Manorwood offered the right balance of familiarity and fresh beginnings. It felt connected to the surrounding village, with homes that sat comfortably alongside the local architecture and streetscape. “We just fell in love with it,” says Lia. “It was one of those moments where we said, ‘we’ll just have a look’ – and then a couple of weeks later, we were here reserving our first home together.”* Matt O’Halloran, Operations Director at Thakeham said: “Manorwood has delivered 139 quality new homes that fit seamlessly into the existing village, but that offer all the benefits of modern construction.” “We are proud to have provided, in partnership with Abri, a new nursery building for local children, a junior sports hall, and two padel courts, marking this development out from others in the area. The community feel is already growing as people move into Manorwood, and once the final homes have sold, it will only get stronger.” Sally Ingham, Director of Development at Abri said: “Completing all 139 homes at Manorwood is a fantastic milestone. Fifty-six of these are affordable homes, meaning local people who might otherwise have been priced out of the area now have a genuinely affordable place to live. High quality, sustainable homes like these are exactly what we need as we work towards our ambition of building 20,000 homes by 2036.” Building, Design & Construction Magazine | The Choice of Industry Professionals