- Morgan Sindall has revealed that its troubled London and South East construction division ran-up losses of £7m during the first half of this year.
- Morgan Sindall said “regional overhead has been reduced accordingly to match this level of activity.”
The company declined to comment on the number of job losses in London and the South East but said there has been “extensive leadership change”.
- The London losses wiped-out construction profits of £3m across the rest of the country sending the division to a £4m loss
The troubles are far from over in London and the South East where “problem” jobs have been completed but other “lower margin” contracts are still being worked through.
- Company executives confirmed the figures during a presentation to analysts on the firm’s half-year results.
- To share your stories email Grant Prior or Aaron Morby… always off the record
- R G Carter has started work on a £35m research centre at Cranfield University that will change the design of future aircraft.
- Adjacent areas introduce space for manufacturers to conduct private research, alongside office space, and meeting rooms for the university research team and partners.
- Architects CPMG have designed the Aerospace Integration Research Centre (AIRC) and groundwork has now begun at the Bedfordshire site
The centre will bring together academic research and testing of new ideas by co-investment partners Rolls-Royce and Airbus.
- This will provide a showcase for the university and its partners, accommodating exhibitions and conferencing, as well as informal meeting areas.
- The three-storey building includes an open laboratory space with a 40m clear span, capable of housing large airframe integration projects, presentation and visualisation space alongside state-of-the-art simulation facilities.