£230m win double sets McLaughlin & Harvey up for rebound year

The agency is ready to begin full development within the coming weeks on a £210m Machine Store undertaking for Sheffield Forgemasters after locking down a ultimate construct worth late final yr.

Sheffield Forgemasters’ 13,000 tonne forging line and machine store will create a brand new technology of engineers and designers supporting UK defence manufacture

The flagship industrial scheme will ship a 30,000 sq m machine store on a 16-acre brownfield web site at Weedon Road, subsequent to Forgemasters’ present Brightside Lane amenities.

The constructing will home heavy-duty manufacturing equipment, forming a central plank of the steelmaker’s long-term funding programme.

Enabling works are already full and superior works are actually pushing forward on web site, giving the job an early run-up forward of full development.

Alongside Sheffield, McLaughlin & Harvey has additionally simply landed a £24m North East win to construct a brand new touchdown for the Shields Ferry at North Shields Fish Quay.

Deliberate new ferry touchdown at North Shields Fish Quay

The undertaking will underpin the long-term way forward for the cross-Tyne service, making a direct hyperlink between the regenerated Fish Quay and South Shields city centre for the primary time. Work is because of begin early this yr, with completion pencilled in for 2028.

These wins comply with sustained funding in enterprise growth and a beefed-up pre-construction group, because the contractor targets longer-term, lower-risk work throughout a number of sectors. The technique has centered on two-stage tenders, frameworks and early contractor involvement to lock down threat earlier than initiatives transfer on web site.

McLaughlin & Harvey stated extended procurement timelines throughout the trade proceed to carry schemes again, with a number of main initiatives now slipping into the center and later phases of the 2025/26 monetary yr.

These delays fed by way of to the agency’s newest outcomes, with income falling 30% to £612m within the yr to June 2025. Nevertheless, tighter value management and stronger operational supply pushed pre-tax revenue as much as £18m, from £12m a yr earlier.

The steadiness sheet stays rock stable, with internet property of £67m and money of £148m at yr finish.

The contractor stated its development and civil engineering order e-book is properly positioned for 2025/26 and past, with the majority of subsequent yr’s budgeted turnover already secured.