Name of Committee/Panel

Total Page:16

File Type:pdf, Size:1020Kb

Name of Committee/Panel Agenda No 14 AGENDA MANAGEMENT SHEET Name of Committee Cabinet Date of Committee 19 June 2008 Report Title Office of Fair Trading (OFT) Competitions Act Investigation into the Construction Sector Summary On the 17th April 2008 the Office of Fair Trading issued Statement of Objections against 112 construction companies alleging price fixing activities and in particular the practice of cover pricing. Of the 112 companies, 18 of these have completed projects for Warwickshire County Council. This paper provides Members with an overview of the investigation and the Councils exposure to risk from the investigation. The paper suggests a number of action areas for officers in response to the investigation. For further information Steve Smith please contact: Head of Property Tel: 01926 412352 [email protected] Would the recommended No. decision be contrary to the Budget and Policy Framework? Background papers None CONSULTATION ALREADY UNDERTAKEN:- Details to be specified Other Committees .................................................. Local Member(s) X Not Applicable Other Elected Members Councillor D Booth, Councillor G Atkinson, Councillor J Haynes, Councillor K Browne, Councillor Mrs E Goode, Councillor J Appleton Cabinet Member X Councillor A Cockburn, Councillor M Heatley Chief Executive .................................................. Legal X Barry Juckes, Property Projects & Contractors Team Leader Cabinet 220508 OFT v6.doc 1 of 12 Paul White, County Procurement Manager Tony Maione, Employment Company & Commercial Team, Leader Finance X David Clarke, Reporting Officer Other Chief Officers X Paul Galland, Strategic Director, Environment & Economy Directorate District Councils .................................................. Health Authority .................................................. Police .................................................. Other Bodies/Individuals .................................................. FINAL DECISION NO SUGGESTED NEXT STEPS: Details to be specified Further consideration by .................................................. this Committee To Council .................................................. To Cabinet .................................................. To an O & S Committee .................................................. To an Area Committee .................................................. Further Consultation .................................................. Cabinet 220508 OFT v6.doc 2 of 12 Agenda No 14 Cabinet – 19 June 2008 Office of Fair Trading (OFT) Competitions Act Investigation Joint Report of the Strategic Director of Resources and Environment and Economy Recommendations That Cabinet: 1. Supports the proposal not to exclude any named organisations from Warwickshire County Council tender lists. 2. Supports the proposal for officers to take additional vigilance in the preparation of tender reports 3. Supports the review of the Council’s Construction Property Procurement Strategy during 2008/09. 4. Supports the establishment of a sustainable supply chain that meets the needs of the Council going forward, delivering economic benefits to all parties and both the people of Warwickshire and their communities linked to the developing Sustainable Procurement Policy. 5. Awaits the outcome of the investigation by OFT prior to any further action. 6. That a further report is prepared when outcome of OFT Investigation is known 1. Background 1.1 On 17th April 2008 the Office of Fair Trading (OFT) issued Statement of Objections (SO) against 112 Construction Companies in England. A full listing can be found in Appendix A. 1.2 In the press notice 52/08 the OFT state: “The OFT formally alleges that the construction companies named in the SO have engaged in bid rigging activities, and in particular cover pricing. Cover pricing describes a situation where one or more bidders collude with a competitor during a tender process to obtain a price or prices which are intended to be too high to win the contract. The tendering authority, for example a local council or other customer, is not made aware of the contacts between bidders, leaving it with a false impression of the level of competition and this may result in it paying inflated prices. Cabinet 220508 OFT v6.doc 3 of 12 Cover pricing arrangements have previously been found by the OFT and the Competition Appeal Tribunal to be illegal and in breach of the Competition Act 1998 due to the restrictions on competition that arise. In addition, the SO formally alleges that a minority of the construction companies have variously entered into one or more arrangements whereby it was agreed that the successful tenderer would pay an agreed sum of money to the unsuccessful tenderer (known as a 'compensation payment'). These more serious forms of bid rigging are usually facilitated by false invoices. The construction companies under investigation carry out general building work including construction of housing, as well as commercial and industrial construction both in the public and private sector. The SO allegations cover a diverse range of projects, including tenders for schools, universities and hospitals. The OFT's investigation originated from a specific complaint in the East Midlands in 2004, but it quickly became clear from the evidence that the practice of cover pricing was widespread. The SO's formal allegations therefore cover neighboring areas including Yorkshire and Humberside and also elsewhere in England. The OFT has also received evidence of cover pricing implicating many more companies on thousands of tender processes, but has focused its investigation on approximately 240 alleged infringements which are being pursued in the SO.” 1.3 The objective of this report is to advise Members of implications, if any, for Warwickshire County Council and to identify any mitigating actions advised by officers 2. OFT Investigation 2.1 The OFT investigation started in 2004 where they were called in to investigate alleged contract irregularities relating to refurbishment works on projects at the Queen Elizabeth Medical Centre in Nottingham. The issuing of statements of objection is the next stage of the investigation that will not be concluded until early 2009 and some industry observers suggest that the formal legal arguments may well continue into 2012. The OFT contend that tender prices may have been inflated by as much as 10%, which when considering the public sector construction spend was worth over £14 billion for the years covered by the investigation is not an insignificant sum. Though in the same period total construction expenditure across the whole of the UK was in the region of £500 billion. 3. Explanation 3.1 Whilst the actual findings of the investigation are not known as the Statement of Objection is not in the public domain, most of the allegation refers to the practice of cover pricing with a smaller number of organisations (9) being accused of making compensation payments to losing bidders. Cover pricing is the practice of a company contacting a competing tenderer and asking what price they are submitting and then submitting a higher tender so that they do Cabinet 220508 OFT v6.doc 4 of 12 not make a nil return which might be viewed by the client as negative and not include the tenderer on future lists. 3.2 In the past some construction clients have viewed the non submission of a tender as a expression that the tenderer did not wish to work for them. When in reality the tenderer was fully committed and did not wish to alienate themselves from a client and not submit, so submitted a cover bid. In a recent procurement process for Planned Maintenance undertaken under EU Procurement rules 19 organisations expressed interest, pre qualification questionnaires were issued and received from all 19. All 19 met the Council’s criteria and were invited to tender, and prior to the closing date 4 organisations had advised the Council that they would not be submitting a tender, 2 of these are on the list of organisations covered by the statement of objections. 4. Impact on Warwickshire County Council 4.1 Table 1 below provides members with summary data on the organisations that have and are currently undertaking construction projects for the Council named in the Statement of Objection TABLE 1 Building Works Potential Value of Value of Named Contractors working Contracts future Current Activity for the Council over last 3 contracts years (3 years) 1 E. Manton Limited £487,000 £1,500,000 Tendering 2 GAJ Construction £5,480,000 £3,000,000 Tendering Limited 3 Greswolde £2,000,000 £0 Possibility for future Construction Limited contracts 4 Interclass plc £800,000 £0 Possibility for future contracts 5 Interserve Project £285,450 £1,000,000 Major Framework Services Limited Contractor 6 Morgan Ashurst plc £1,770,900 £3,000,000 Major Framework Contractor 7 Sol Construction £2,775,000 £6,000,000 Planned & Reactive Limited Maintenance Framework Contractor 8 Chase Norton £0 £0 Possibility for future Construction Limited contracts 9 Linford Group Limited £0 £0 Possibility for future contracts 10 Pearce Construction £0 £0 Possibility for future (Midlands) Limited contracts 11 Piper Construction £0 £0 Possibility for future Midlands Limited contracts 12 Thomas Vale £0 £0 Possibility for future Cabinet 220508 OFT v6.doc 5 of 12 Potential Value of Value of Named Contractors working Contracts future Current Activity for the Council over last 3 contracts years (3 years) Construction Plc contracts 13 Willmott Dixon £0 £2,500,000 Scape Framework
Recommended publications
  • May CARG 2020.Pdf
    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
    [Show full text]
  • COVID-19 Proxy Governance Update
    COVID-19 Proxy Governance Update 2020 AGM mid-season review FROM EQUINITI 01 Looking back and planning ahead It is incredible to note that it has been over 12 weeks since the official announcement on 23 March of the UK Government’s Stay at Home Measures, and nearly seven months since the severity of the pandemic became apparent in China. Over the said period, PLC boards, company secretaries and investor relations officers have kept their corporate calendars going thanks to rapid adoption of modified regulatory guidelines and inventive modes of engagement with investors. With annual general meetings being an obvious highlight in the corporate calendar, we take stock of the progress made so far over the 2020 AGM season, as well as using what we learned to plan ahead. Now that we are over the first ‘hump’ with the busy period of May AGMs out of the way, we are readying for the second ‘peak’ of June and July AGMs, and then an ‘easing’ until the second ‘mini’ season in the early autumn. As such, in this update, we look at: • 2020 AGM season statistics…so far • Proxy adviser engagement and ISS recommendations review • High-level assumptions for Q3 and Q4 • Relevant updates from the regulators, industry bodies and proxy advisers • Communications in the COVID-19 world – special commentary by leading financial PR firm,Camarco • How has COVID-19 impacted activism – special commentary by international law firm,White & Case 02 2020 AGM Season Statistics…so far Scope of data To assess progress and forecast what is to come, we look at the key statistics for the UK AGM season 2020 thus far.
    [Show full text]
  • Construction Leadership Group Meeting Tuesday 12Th September 2017
    Construction Leadership Group meeting Tuesday 12th September 2017 Date: Tuesday 12th September 2017 – Carillion Offices, One Euston Square, London. 10.30am – 12.30pm Attendees: Steve Watson – Chair (Willmott Dixon), Emma-Jane Allen and Becky Bryant (Supply Chain School), Simon Poulter (Balfour Beatty), Jesse Putzel (BAM), Anne Smales (Bouygues UK), Sara Tome (Bouygues E&S), Andy Hazlehurst (Carillion), Richard Thompson (Francis Flower), Richard Deaville (Interserve), Craig Murphy (John Sisk), Iain Casson (Kier), Andy Fulturer (Lendlease), Tom Brenchley (Lundy Projects), Steve Attfield (Marshalls), Adrian Shah-Cundy (VolkerWessels UK) Apologies: Gerard Cantwell (Aggregate Industries), Ben Lever (CITB), Embelin Flynn (Danny Sullivan), Brian Handcock (John Sisk), Eddy Taylor (Laing O’Rourke), Mike Williams (Laing O’Rourke), Graham Edgell (Morgan Sindall), Wyn Prichard (NPTC Group), Nick Baker (Skanska), Danny Bavington (SRM), Cara Palmer (Wates), Susan Schnadhorst (Osborne) Please note these meeting notes are to be read in conjunction with the agenda and pre-read slides as circulated to all. 1. Welcome and introductions ✓ Steve Watson was introduced to the Group as the interim chair for the Group in the absence of Nick Baker ✓ Adrian Shah-Cundy was introduced to the Group as the representative from VolkerWessels UK, a new Partner to the School ✓ Sara Tome was introduced to the Group as the representative from Bouygues Energies and Services, a new Partner to the School ✓ Tim Ryan, Director and DfMA lead attended the meeting as a guest presenter from Bryden Wood, a leading architectural and design practice 2. Agree minutes of last meeting Minutes from the last meeting were agreed. 3. Review outstanding actions An update was provided to the Group with regards to outstanding actions as below: Outstanding actions: • Supply Chain School to: o Conduct a survey of Partners to gauge satisfaction levels – This is now with the operations group.
    [Show full text]
  • 8347 Interserve AR 2011 Introduction 4 Ifc-P1 Tp.Indd
    Interserve Plc 2011 Annual Report and Financial Statements Interserve Plc Every day, we’re planning, creating and managing the world around you. 2011 Annual Report and Financial2011 Statements INTERSERVE ANNUAL REPORT 2011 OVERVIEW HIGHLIGHTS Across the world, people wake to a new day. We help make it a great day. PROUD OF THE Every day people wake to put We help build and look after this their plans, dreams and goals world and we do this through the VALUE WE CREATE IN into action. lasting relationships our people have built with a range of partners PLANNING, CREATING, To make this happen they need the and clients worldwide to ensure we places around them – their schools, AND MANAGING THE create value for everyone involved. their workplace, hospitals, shops WORLD AROUND YOU and infrastructure – to function well, to support, inspire and add value to their lives. FINANCIAL HIGHLIGHTS HEADLINE EPS* PROFIT BEFORE TAX FULL-YEAR DIVIDEND 49.3p £ 67.1m 19.0p + 15% + 5% + 6% VIEW 2011 ANNUAL REPORT ONLINE: HTTP://AR2011.INTERSERVE.COM INTERSERVE ANNUAL REPORT 2011 OVERVIEW HIGHLIGHTS Across the world, people wake to a new day. We help make it a great day. PROUD OF THE Every day people wake to put We help build and look after this their plans, dreams and goals world and we do this through the VALUE WE CREATE IN into action. lasting relationships our people have built with a range of partners PLANNING, CREATING, To make this happen they need the and clients worldwide to ensure we places around them – their schools, AND MANAGING THE create value for everyone involved.
    [Show full text]
  • Fidelity® Low-Priced Stock K6 Fund
    Quarterly Holdings Report for Fidelity® Low-Priced Stock K6 Fund April 30, 2021 LPSK6-QTLY-0621 1.9883997.103 Schedule of Investments April 30, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 91.1% Shares Value COMMUNICATION SERVICES – 1.6% Diversified Telecommunication Services – 0.0% Verizon Communications, Inc. 2,636 $ 152,334 Interactive Media & Services – 0.1% Dip Corp. 24,518 677,504 QuinStreet, Inc. (a) 25,997 526,959 XLMedia PLC (a) 268,040 190,641 ZIGExN Co. Ltd. 54,118 197,576 1,592,680 Media – 1.5% AMC Networks, Inc. Class A (a) (b) 33,496 1,684,179 Comcast Corp. Class A 130,298 7,316,233 Corus Entertainment, Inc. Class B (non‑vtg.) 49,446 236,539 Discovery Communications, Inc.: Class A (a) (b) 145,589 5,482,882 Class C (non‑vtg.) (a) 310,153 10,021,043 Gray Television, Inc. 28,620 581,558 Hyundai HCN 211,755 859,684 Intage Holdings, Inc. 244,992 2,992,628 Legs Co. Ltd. 1,400 29,325 MSG Network, Inc. Class A (a) 45,058 715,070 Nexstar Broadcasting Group, Inc. Class A 2,261 333,294 Nordic Entertainment Group AB (B Shares) 56 2,600 Pico Far East Holdings Ltd. 1,820,216 321,032 Proto Corp. 14,723 156,539 Reach PLC 503 1,528 RKB Mainichi Broadcasting Corp. 2,889 161,513 Saga Communications, Inc. Class A 35,206 793,191 Sky Network Television Ltd. (a) 1,984,879 241,465 TechTarget, Inc. (a) 12,227 937,811 Tegna, Inc. 85,733 1,719,804 The New York Times Co.
    [Show full text]
  • Annual Report 2015 Report Annual Plc Lakehouse
    Lakehouse plc Annual Report 2015 Annual Report 2015 The Lakehouse Way Who Lakehouse is an asset and energy support we are services group, focused on customers and their communities. We make a difference to people’s lives by constructing, improving, maintaining and providing services to homes, schools, public and commercial buildings. Lakehouse was founded in 1988 and we have grown consistently since, achieving revenue of £340.2m in 2014/15. With our headquarters in Romford, Essex, we employ more than 2,400 people through 35 offices across the UK. Lakehouse listed on the Main Market of the London Stock Exchange in March 2015. Strategic Report Governance Overview 43 Executive Chairman’s introduction IFC Who we are to Corporate Governance Why invest in Lakehouse? 44 Board of Directors About Lakehouse 46 Corporate Governance Report 01 Our manifesto 56 Directors’ Remuneration Report 01 Financial highlights 69 Directors’ Report 02 The Lakehouse Way 71 Directors’ responsibilities Strategic review Financial statements E 12 xecutive Chairman’s Statement 72 Independent Auditor’s Report to I 14 nterview with Sean Birrane, CEO the members of Lakehouse plc 17 Company snapshot 77 Consolidated statement of M 18 arket overview comprehensive income B 20 usiness model 78 Consolidated statement of O 22 ur strategy financial position K 24 ey performance indicators 79 Consolidated statement of changes C 26 hief Executive Officers’ in equity Divisional review 80 Consolidated statement of cash flows 30 Principal risks and uncertainties 81 Notes to the consolidated
    [Show full text]
  • View Annual Report
    GROWTH THROUGH INNOVATION Halma plc Annual Report and Accounts 2012 Overview 01 Investment Proposition 02 Group at a Glance 04 Strategy and Business Model 06 Innovation in Healthcare and Analysis 08 Innovation in Infrastructure Sensors 10 Innovation in Industrial Safety Business review 12 Chairman’s Statement 14 Performance against Strategy 20 Strategic Review 25 Strategy in Action 30 Sector Reviews 30 Health and Analysis 38 Infrastructure Sensors 46 Industrial Safety 54 Financial Review 59 Risk Management and Internal Control 61 Principal Risks and Uncertainties 64 Corporate Responsibility Governance 68 Board of Directors and Executive Board 71 Chairman’s Introduction to Governance 72 Corporate Governance 76 Audit Committee Report 78 Nomination Committee Report 79 Remuneration Committee Report 80 Remuneration Report 87 Other Statutory Information 90 Directors’ Responsibilities Financial statements 91 Independent Auditor’s Report – Group 92 Consolidated Income Statement 92 Consolidated Statement of Comprehensive Income and Expenditure 93 Consolidated Balance Sheet 94 Consolidated Statement of Changes in Equity 95 Consolidated Cash Flow Statement 96 Accounting Policies 102 Notes to the Accounts 135 Independent Auditor’s Report – Company 136 Company Balance Sheet 137 Notes to the Company Accounts 142 Summary 2003 to 2012 144 Halma Directory 148 Shareholder Information and Advisers Overview Business review Governance Financial statements INVESTMENT PROS PO ITION Halma has an impressive record of creating sustained shareholder value through the economic cycle. We have consistently delivered record profits, high returns, strong cash flows, low levels of balance sheet gearing and have a 30+ year track record of growing dividend payments by 5% or more every year. Our ability to achieve record profits through the recent periods of economic turbulence is derived from our strategy of having a group of businesses building strong competitive advantage in specialised safety, health and environmental technology markets with resilient growth drivers.
    [Show full text]
  • Introductory Note
    Introductory Note: Section 58 of the New Zealand Superannuation and Retirement Income Act 2001 requires that the Guardians must invest the Fund on a prudent, commercial basis, and in a manner consistent with best-practice portfolio management. The Guardians have determined that this requires broad diversification of investments. The Fund’s investment strategy includes holding investments benchmarked to global market indices. On 30 June 2011, the Fund’s portfolio held over 6000 listed companies, providing diversification across most of the world’s countries and industries. The Table below sets out our direct exposure to listed companies, by country of exposure. Country of exposure is defined as location of the ultimate global parent's place of incorporation, except in the case of tax haven countries, where we instead look to the place of business for the headquarters of the ultimate global parent. The Fund also has indirect exposure to other companies through total return swaps linked to market indices and through investment in pooled funds. As the Fund increases in value, both the number of securities and the average size of each holding tend to increase. Security Name Value in New Zealand Dollars Australia Abacus Property Group 32,897 Acrux Ltd 36,391 Adelaide Brighton Ltd 101,165 AGL Energy Ltd 1,957,445 Alesco Corp Ltd 19,809 Alkane Resources Ltd 28,026 Alumina Ltd 145,456 Amcor Ltd 255,625 AMP Ltd 4,032,208 Ansell Ltd 116,456 APA Group 131,716 APN News & Media Ltd 2,829,583 Aquila Resources Ltd 84,275 ARB Corp Ltd 32,632 Ardent Leisure
    [Show full text]
  • ITE – a First for Singapore and Bbcap the Transform Grand Prix Spotlight On… Submissions WELCOME & UPDATE
    SPRING 2008 THE QUARTERLY MAGAZINE OF BALFOUR BEATTY CAPITAL IN THIS EDITION ITE – a fIRST FOR SiNGAPORE AND BBCAP The Transform Grand Prix Spotlight on… submissions WELCOME & UPDATE Welcome to the Spring edition of capital Q. The year has got off to a good start. In new business bids for Southwark, Derbyshire Schools and Enniskillen Hospital have been submitted and work continues towards achieving financial close on Islington, Fife and CNDR. Decisions are also pending for the M80 and M25 and we hope to hear on these soon. It has been an exciting time internationally with the purchase of GMH Win America, prequalification on the Etoile Project in France, and in Singapore work has started on the ground at ITE. A fantastic effort was made by the “Hard Way Up Club” who tackled the physically and mentally demanding challenge of the Haute Route. Money is still coming in but at the time of going to press, the team had raised over £14,000 for NCH. Well done to all involved. It has been an exciting time internationally SPRING 2008 with the purchase of GMH in America... THE QUARTERLY MAGAZINE OF BALFOUR BEATTY CAPITAL IN THIS EDITION 4-7 News review Learning and development remains a high priority for us all and I ITE – a first for Singapore and BBCap would ask that you make the most of the performance development Elsewhere in the world... reviews that are coming up in May. In addition Capital College is a Six word memoirs fantastic resource and new courses are being added all the time.
    [Show full text]
  • 5375WD Annual Report
    m o c . d l o g d a e r h t - n e d a r b . w w w y b r e p a p s e v i L 9 o t n Registered office: o d e t n Spirella 2, Icknield Way i r p y Letchworth Garden City l b a n i Hertfordshire SG6 4G Y a t s u s d n Telephone: 01462 671852 a d e n Fax: 01462 681852 g i s e www.willmottdixon.co.uk D putting people first building a low carbon future communities responsible business relationship focused regeneration a great place to work proud to be private preserving our environment openness deep rooted values integrity and trust entrepreneurial visible Contents Directors and Officers 2 Summary of Results 3 Group Chairman’s Statement 4 Group Chief Executive’s Report 10 Sustainable Development 28 Report of the Directors 37 Statement of Directors’ Responsibilities 39 Report of the Independent Auditors to the Members of Willmott Dixon Holdings Limited 40 Consolidated Profit and Loss Account 41 Consolidated Balance Sheet 42 Company Balance Sheet 43 Consolidated Cash Flow Statement 44 Reconciliation of Movements in Equity Shareholders’ Funds 45 Notes on the accounts 46 Locations 68 1 Willmott Dixon Holdings Limited Directors and Officers Colin Enticknap Rick Willmott Chris Durkin John Frankiewicz Group Chairman Group Chief Executive Director Director Chief Finance Officer Duncan Canney Secretary and Registered Office Wendy McWilliams Spirella 2, Icknield Way, Letchworth Garden City, Hertfordshire, SG6 4GY Registered Number: 198032 Auditors PKF (UK) LLP Andrew Telfer Jonathon Porritt Christopher Sheridan Farringdon Place Director Non-Executive
    [Show full text]
  • Yorbuild2 East Area Framework – List of Unsuccessful Candidates at ITT Lot 1 0-£250K
    YORbuild2 East Area Framework – list of unsuccessful candidates at ITT Lot 1 0-£250k Applicant T H Michaels (Construction) Ltd Evora Construction Limited Britcon Limited George Hurst & Sons Ltd FMe Property Solutions Ltd The Soper Group Ltd Transcore Limited J C Services & Son Ltd Strategic Team Maintenance Co Ltd Stubbs Brothers Building Services Limited Unico Construction Limited Woodhouse-Barry (Construction) Ltd Lot 2 over £250k-£1m Applicant S Voase Builders Limited F Parkinson Ltd Britcon Limited RN Wooler & Co Ltd Illingworth & Gregory Ltd George Hurst & Sons Ltd T H Michaels (Construction) Ltd Transcore Limited PBS Construction Elliott Group Northern Construction Solutions Ltd Woodhouse-Barry (Construction) Ltd Lot 3 over £1m-£4m Applicant Wildgoose Construction ltd Esh Construction Limited Morgan Sindall George Hurst & Sons Ltd Britcon Limited Hall Construction Group Caddick Construction Limited Strategic Team Maintenance Co Ltd F Parkinson Ltd Gentoo Tolent GMI Construction Group PLC United Living Lot 4 over £4m-£10m Applicant Conlon Construction Limited Bowmer & Kirkland Ltd Keepmoat Regeneration Limited Henry Boot Construction Limited Morgan Sindall Hobson and Porter Ltd Robertson Construction Group Ltd Eric Wright Group VINCI Construction UK Limited G F Tomlinson Group Limited Sewell Group Britcon Limited Lot 5 over £10m Applicant Henry Boot Construction Limited Bowmer & Kirkland Ltd John Graham Construction Ltd Morgan Sindall McLaughlin & Harvey (formally Barr Construction Ltd) Eric Wright Group VINCI Construction UK Limited Robertson Construction Group Ltd Caddick Construction Limited J F Finnegan Limited Shepherd Construction Lot 6 New housing up to 10 units Applicant GEDA Construction Lindum Group Limited Woodhouse-Barry (Construction) Ltd Lot 7 New housing over 10 units Applicant Gentoo Tolent Herbert T Forrest Ltd Lindum Group Limited Termrim Construction Strategic Team Maintenance Co Ltd GEDA Construction .
    [Show full text]
  • Annual Report 2016
    ANNUAL REPORT 2016 Freshfi eld Lane Danehill Haywards Heath Sussex RH17 7HH Tel: 0844 931 0022 www.mbhplc.co.uk Britain's Brick Specialists HIGHLIGHTS – At a glance 2016 Turnover £30.1 m +3% Profit before tax £4.6 m – Sales volumes 69.4 m +4% Net cash £4.7 m +61% NAV 65.8 p +9% Dividend 2.0 p +100% Perivan Financial Print 244144 244144 Michelmersh pp001-pp015 17/03/2017 14:34 Page 1 Contents page Chairman’s Statement 2 Chief Executives’ Review 4 Officers and Professional Advisers 6 Directors’ Biographies 7 Directors’ Report 8 Directors’ Remuneration Report 11 Strategic Report 13 Independent Auditors’ Report to the Members 15 Consolidated Income Statement 16 Consolidated Statement of Comprehensive Income 17 Consolidated Balance Sheet 18 Consolidated Statement of Changes in Equity 19 Consolidated Statement of Cash Flows 20 General Information and Accounting Policies 21 Notes t o Financial Statements 26 Parent Company Financial Statements 41 Independent Auditors’ Report to the Members 42 Company Balance Sheet 43 Statement of Cash Flows 44 Statement of Changes in Equity 45 Accounting Policies 46 Notes to Company Financial Statements 48 Notice of Annual General Meeting 54 Michelmersh Brick Holdings Plc Annual Report 2016 1 244144 Michelmersh pp001-pp015 17/03/2017 14:34 Page 2 Chairman’s Statement I am very pleased to report that the Company delivered another strong performance in 2016, which culminated in matching 2015’s levels of profit before ta x. What is more pleasing is that this was achieved despite some challenging operational issues , notably at the Michelmersh plant as reported at the half year .
    [Show full text]