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NG Bailey buys part of rival Kershaw after administration

NG Bailey buys part of rival Kershaw after administration

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NG Bailey buys part of rival Kershaw after administration
NG Bailey buys part of rival Kershaw after administration
NG Bailey buys part of rival Kershaw after administration
NG Bailey buys part of rival Kershaw after administration
Construction news, jobs and co... Construction news, j... | 2 years ago
Deal to buy service and maintenance division saves 25 jobs
Deal to buy service and maintenance division saves 25 jobs
NG Bailey buys Kershaw service and maintenance business - FMJ
NG Bailey buys Kershaw service and maintenance business - FMJ
NG Bailey buys Kershaw service and maintenance business - FMJ
NG Bailey buys Kershaw service and maintenance business - FMJ
Book and Periodical Publishing Book and Periodical ... | 2 years ago
Independent engineering and services business, NG Bailey, has completed its acquisition of the trade and assets of Cambridge-based Kershaw service and maintenance business, previously part of Kershaw Mechanical Services Ltd, a provider of mechanical, electrical and hard facilities services, that entered administration earlier this month. The acquisition provides NG Bailey with the opportunity to increase ... The post NG Bailey buys Kershaw service and maintenance business appeared first on FMJ.
Independent engineering and services business, NG Bailey, has completed its acquisition of the trade and assets of Cambridge-based Kershaw service and maintenance business, previously part of Kershaw Mechanical Services Ltd, a provider of mechanical, electrical and hard facilities services, that entered administration earlier this month. The acquisition provides NG Bailey with the opportunity to increase ... The post NG Bailey buys Kershaw service and maintenance business appeared first on FMJ.
NG Bailey lands £60m deal with battery giant
NG Bailey lands £60m deal with battery giant
NG Bailey lands £60m deal with battery giant
NG Bailey lands £60m deal with battery giant
Construction news, jobs and co... Construction news, j... | 1 year ago
NG Bailey will start on site later this year on a £60m construction, mechanical, electrical and plumbing services package at Britishvolt’s new £200m tech centre in the West Midlands. Winvic is main contractor on the Hams Hall site  just outside Birmingham where Britishvolt is working in partnership with logistics real estate operator Prologis. NG Bailey is already working with Britishvolt at its £300m Gigafactory project in Northumberland being built by ISG. Dan Smith, sector director at...
NG Bailey will start on site later this year on a £60m construction, mechanical, electrical and plumbing services package at Britishvolt’s new £200m tech centre in the West Midlands. Winvic is main contractor on the Hams Hall site  just outside Birmingham where Britishvolt is working in partnership with logistics real estate operator Prologis. NG Bailey is already working with Britishvolt at its £300m Gigafactory project in Northumberland being built by ISG. Dan Smith, sector director at...
Former owner buys Woodmace out of administration
Former owner buys Woodmace out of administration
Former owner buys Woodmace out of administration
Former owner buys Woodmace out of administration
Construction news, jobs and co... Construction news, j... | 1 year ago
Woodmace went into administration last week following a cash flow crisis. Administrator Begbies Traynor then oversaw the acquisition of the assets and trade of Woodmace Ltd and Woodmace Plant Ltd by Oak via his company Woodmace Concrete Structures Ltd. The move has saved 150 jobs and enabled work to resume at a range of developments across southern England where Woodmace is either principal contractor or a subcontractor. Oak founded the business in 1986 but in 2020 long-term employee Joshua Ei...
Woodmace went into administration last week following a cash flow crisis. Administrator Begbies Traynor then oversaw the acquisition of the assets and trade of Woodmace Ltd and Woodmace Plant Ltd by Oak via his company Woodmace Concrete Structures Ltd. The move has saved 150 jobs and enabled work to resume at a range of developments across southern England where Woodmace is either principal contractor or a subcontractor. Oak founded the business in 1986 but in 2020 long-term employee Joshua Ei...
NG Bailey returns to profit despite engineering arm losses
NG Bailey returns to profit despite engineering arm losses
NG Bailey returns to profit despite engineering arm losses
NG Bailey returns to profit despite engineering arm losses
Construction news, jobs and co... Construction news, j... | 1 year ago
For the year ended February 2022, pre-tax profit recovered to £3m, although the business had to endure further losses from the main engineering arm. NG Bailey’s services division recovered quickly following the impact of the pandemic with increased turnover and profitability. Collectively the underlying operating profit, excluding goodwill amortisation, was £7.1m. Turnover for the division now accounts for almost half of the overall group. The expected longer recovery of the construction a...
For the year ended February 2022, pre-tax profit recovered to £3m, although the business had to endure further losses from the main engineering arm. NG Bailey’s services division recovered quickly following the impact of the pandemic with increased turnover and profitability. Collectively the underlying operating profit, excluding goodwill amortisation, was £7.1m. Turnover for the division now accounts for almost half of the overall group. The expected longer recovery of the construction a...
Springfield buys rival Scottish house builder for £46m
Springfield buys rival Scottish house builder for £46m
Springfield buys rival Scottish house builder for £46m
Springfield buys rival Scottish house builder for £46m
Construction news, jobs and co... Construction news, j... | 1 year ago
Under the terms of the deal, Springfield will acquire 17 sites with planning permission for around 700 homes, valued at £230m. The deal also includes Timber Systems, a timber frame factory near Glasgow, which will give Springfield a second timber frame factory allowing it to increase capacity for future growth.  Around £10m will be paid upfront with further payments released in stages as schemes are completed. Springfield intends to retain all of Mactaggart & Mickel’s house building an...
Under the terms of the deal, Springfield will acquire 17 sites with planning permission for around 700 homes, valued at £230m. The deal also includes Timber Systems, a timber frame factory near Glasgow, which will give Springfield a second timber frame factory allowing it to increase capacity for future growth.  Around £10m will be paid upfront with further payments released in stages as schemes are completed. Springfield intends to retain all of Mactaggart & Mickel’s house building an...
M&E contractor Kershaw went down owing subbies £10m
M&E contractor Kershaw went down owing subbies £10m
M&E contractor Kershaw went down owing subbies £10m
M&E contractor Kershaw went down owing subbies £10m
Construction news, jobs and co... Construction news, j... | 1 year ago
Documents filed at Companies House reveal the full extent of the Cambridge based firm’s debts when administrators at Grant Thornton took control of the company in April. Grant Thornton said Kershaw was brought down by delayed projects during the pandemic and the financial impact of placing its cladding subsidiary into administration in 2019. Kershaw’s Service and Maintenance business was sold to NG Bailey for £500,000 shortly after the administration but no offers were received for the ma...
Documents filed at Companies House reveal the full extent of the Cambridge based firm’s debts when administrators at Grant Thornton took control of the company in April. Grant Thornton said Kershaw was brought down by delayed projects during the pandemic and the financial impact of placing its cladding subsidiary into administration in 2019. Kershaw’s Service and Maintenance business was sold to NG Bailey for £500,000 shortly after the administration but no offers were received for the ma...
Caliber sues CrossCountry after 80 employees left for rival
Caliber sues CrossCountry after 80 employees left for rival
Caliber sues CrossCountry after 80 employees left for rival
Caliber sues CrossCountry after 80 employees left for rival
housingwire housingwire | 1 year ago
Caliber claims its rival hired more than 80 of its employees, among them 40 loan producers, beginning in February 2021. The post Caliber sues CrossCountry after 80 employees left for rival appeared first on HousingWire.
Caliber claims its rival hired more than 80 of its employees, among them 40 loan producers, beginning in February 2021. The post Caliber sues CrossCountry after 80 employees left for rival appeared first on HousingWire.
W Stirland set for administration after nearly 100 years of trading
W Stirland set for administration after nearly 100 years of trading
W Stirland set for administration after nearly 100 years of trading
W Stirland set for administration after nearly 100 years of trading
Construction news, jobs and co... Construction news, j... | 1 year ago
The firm started trading back in 1928 and is run by the third generation of the founding Stirland family. W Stirland has filed a notice of intent to appoint an administrator with the contractor set to go into administration next week. The Enquirer understands all staff have been sent home and employees are actively looking for new jobs. It is a further set back for the wider supply chain in the region following on from the collapse of Hampshire-based Brymor Construction in June. W Stirland has...
The firm started trading back in 1928 and is run by the third generation of the founding Stirland family. W Stirland has filed a notice of intent to appoint an administrator with the contractor set to go into administration next week. The Enquirer understands all staff have been sent home and employees are actively looking for new jobs. It is a further set back for the wider supply chain in the region following on from the collapse of Hampshire-based Brymor Construction in June. W Stirland has...
Probate Series Part 3: Summary Administration | Around the Gavel Episode 16
Probate Series Part 3: Summary Administration | Around the Gavel Episode 16
Probate Series Part 3: Summary Administration | Around the Gavel Episode 16
Probate Series Part 3: Summary Administration | Around the Gavel Episode 16
morrislawcenter morrislawcenter | 4 years ago
Sarah Morris discusses summary administration for estates valued between $100,000 and $300,000.
Sarah Morris discusses summary administration for estates valued between $100,000 and $300,000.