Company News Roundup: 14th May 2013

Galliford Try announces record £836m housebuilding sales Source: Construction News Galliford Try has announced record housebuilding sales of £836m in an interim management statement, while it has appointed Andrew Richards as its new housing The firm reported that £836m-worth of housing had been reserved, contracted or completed, of which £632m is for the current financial year to 30 June 2013. It also noted “encouraging levels of activity” across the housing market, with reservations up 6 per cent per since the company’s last update. Galliford said this was down to improving mortgage availability and the Help to Buy scheme. Company Profile: Galliford Try Morgan Sindall looks to double London and airports business Source: Construction News Morgan Sindall's head of London and aviation is looking to double the group's revenue in both the capital and airports.Former Bovis [Lend Lease] and Olympic Athletes Village delivery director Peter Jacobs told Construction News Morgan Sindall is looking for “hundreds of millions of pounds of turnover” in London, adding the company works on a three and five-year horizon. Company Profile: Morgan Sindall Emcor quits UK construction Source: Construction Index Emcor UK has announced its withdrawal from the construction market to focus on facilities management services.The US-owned company said that its facilities division had delivered record revenues and profitability growth over the past five years. Construction market conditions, by contrast, were not so favourable. Emcor UK said that it would complete current construction projects but will not seek to secure new construction services projects. Company Profile: Emcor Vulture firms circle Daniel Contractors Source: Construction Enquirer Several contractors are understood to be waiting in the wings as north west firm Daniel Contractors battles with mounting financial problems. In the last few weeks Daniel Contractors struggled to pay staff and subcontractors on various jobs, fuelling rumours in the industry about the firm’s financial health. Sources have told the Enquirer that Murphy and Dutch contractor A Hak have been linked with talks about taking on jobs or buying parts of the £120m turnover business. Company Profile: Daniel Contractors