Fulcrum order book soars 45% to £81m in first half

Multi-utility contractor Fulcrum saw its order book charge up in the first half of the year from £25m to £81m.

The growth came mainly from smart metering and strong orders for multi utilities in industrial and commercial markets.

Much of Fulcrum’s growth came from expansion in smart metering activity, where its order book jumped £19m to around £30m.  This includes a five-year agreement with energy supplier E to manage its 320,000 UK meter points and exchange 80,000 points to smart meters.

Fulcrum has also continued to service the buoyant housing market where it is aiming to continue to increase its market share.

Projects secured in the first half of the year include a pair of contracts, with a combined value of nearly £6m, to deliver multi-utility infrastructure at a major new development in Fairham, Nottinghamshire.

As preferred utility partner the door is also open on the scheme to deliver multi-utility connections for the development’s 3,000 new homes in the future.

Within its Industrial & Commercial division, Fulcrum has secured delivery of high voltage electric vehicle (EV) charging infrastructure to power a commercial fleet, and a major £5.5m contract to design and install multi-utility infrastructure to support sustainable vegetable production at a large-scale greenhouse in Cambridgeshire.

Other Industrial & Commercial contracts included a £4.9m contract to design and install a high voltage electricity, water, and gas infrastructure for a major new innovative employment park, in the West Midlands, and a £1.6m project to deliver a 7km gas pipeline to help power a significant new sustainable cereal processing plant in Northamptonshire.

Terry Dugdale, CEO, said: “The positive progress we are making across all our core markets gives me confidence for the full year and beyond.

“I see significant opportunities for the business and so it is pleasing that the group continues to be increasingly better positioned to take advantage of the many and significant opportunities presented by the UK’s smart energy revolution and the utility infrastructure the UK needs for a net-zero future.”

 

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United Living bags landmark £55m Cardiff resi job

United Living New Homes has clinched the deal to deliver a 432-home build to rent scheme in Cardiff.

The proposed Anchorworks scheme is being developed by a joint venture between real estate investment firm Angelo Gordon and residential investor and operator Ridgeback Group.

It is the latest residential scheme planned for the Dumballs Road regeneration area close to the city centre and just yards from Cardiff Central Railway Station.


The scheme, which will range in height from seven to 15 storeys, also includes vital low carbon infrastructure, with electric vehicle charging points and solar panels.

Delivered over two phases, the development is scheduled to be completed in October 2024.

Conor Bray, Chief Operating Officer, United Living Group, said the builder was accelerating its growth into the build to rent sector with over £300m worth of schemes in the pipeline, due to commence construction next year.


“This contract award is an exciting addition to United Living Group’s growing portfolio of large-scale development projects.

“Cardiff is a thriving city that is growing and needs new, good quality housing to meet demand and we look forward to playing a central role in creating much-needed new homes that residents will be proud to call home.”


Public space between the two brick enveloped blocks

 

Two hurt in David Wilson Homes site fire in Stockport

Two workers were taken to hospital following a fire at a David Wilson Homes North West site in Stockport on Tuesday.

Merseyside Fire & Rescue managed to get the blaze under control after three hours.

The brigade said the fire involved an external gas main that spread to three houses under construction.

Two people were taken to hospital with minor injuries following the incident at the Pavilion Gardens development in the town.

A David Wilson Homes North West spokesperson told the Liverpool Echo: “There was a small fire in an unoccupied building under construction at our Pavilion Gardens development in Southport today.

“We would like to thank the emergency services for their swift response in making the site safe.”

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