Vulture firms circle Daniel Contractors

Aaron Morby 11 years ago

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.

According to a report in the Sunday Times yesterday the firm is teetering on the brink with Deloitte on standby to handle any decision to file for administration.

The Waring-based contracting group employs around 1,200 staff and owns Land & Marine, which it bought just over 10 years ago.

Daniel Contractors’ problems are said to stem from water work where it is struggling with tight margins.

So far this month the firm is facing three county court judgements for non payment, and plant hire companies are understood to have pulled kit off major Land & Marine jobs in Scotland and the Isle of Grain.

A Welsh Water spokesperson said: “We have a long-standing contract with civil engineering firm Daniel Contractors Ltd, which involves maintaining parts of our clean water and wastewater network across our operating region.

“We continue to liaise closely with the company’s management to ensure that services to our customers remain unaffected.”

United Utilities confirmed it had a metering and connections contract with the firm but referred all other questions to Daniel.

One source told the Enquirer: “There’s a lot of talk in the industry at the moment and the word is  Murphy has been talking to management about Land & Marine jobs.”

Daniel Contractors refused to comment and its website was down this morning.

Daniel water work jobs

April 2012: United Utiles signs framework contracts for main laying and water meter installation

September 2011: 4-year network maintenance contract signed with Welsh Water

Feb 2011: £17m framework contract from Bristol Water to refurbish water and sewerage trunk mains. The agreement includes a programme to repair and refurbish 59km of pipework covered by 9 separate projects, using PE lining and resin spray lining techniques.

Latest news

Mace lands £184m Oxford Science Park contract

Contractor to build trio of laboratory and office buildings
23 mins ago

Sir Robert McAlpine clinches £4bn Somerset gigafactory

2.6m sq ft car battery plant will require over 2,000 workers at peak construction
4 hours ago

House builder Hill Group tops £1bn turnover

Group's controlled development pipeline stands at £10bn
3 hours ago

Higgins wins 360 new homes job in south London

Firm will now work up planning for phase 2 of Brixton housing project
4 hours ago

Kier starts £48m Ealing high school job

Northolt High School to be rebuilt for 1,130 pupils
6 hours ago

Plans in for £64m Suffolk A12 upgrade

Work to start next summer on dualling and junction upgrades
4 hours ago

Man suffers multiple fractures in HS2 accident

Engineering firm fined after fall leaves worker in hospital for two months
4 hours ago

Go-ahead for Milton Keynes’ largest private rental project

Platform_ to build 20-storey scheme of 335 flat next to train station
3 days ago

A2Dominion reins in new-build and cuts development team

Housing association to stop private new build sales in big strategy switch
3 days ago

Sellafield partnership appoints final key delivery partners

Altrad and Kaefer bag £180m access, insulation and painting deal
3 days ago

Health centre canned as build costs double in four years

Devon NHS stands down plans for Health and Wellbeing Centre in Teignmouth
3 days ago

Family confirm death of Des O’Rourke

Deputy chair and co-founder of Laing O'Rourke dies aged 75
4 days ago

Plans approved for major phase of £2.5bn Salford Crescent

Crescent Innovation will help create global research hub
3 days ago

Deal to kick-start 3,000-home Northstowe town centre

Labour Government acts to unlock next phase of new town near Cambridge
3 days ago

Striking new-look for Canary Wharf HSBC tower

Large chunks of upper floorplate to be removed in major overhaul
4 days ago

Kier halves debt to £115m after strong trading year

Order book up 7% to £10.8bn with 85% of work secured for year ahead
4 days ago

Developer blasts “unfair” power charges on huge Liverpool site

Romal Capital unhappy about site power hook-up costs
4 days ago

Regal to start Wembley 1000-bed student scheme

Backer found to deliver £400m twin tower student scheme
4 days ago

Breyer Group bags £163m housing repair deal

Major repair and maintenance win from Kingston Council
4 days ago

VolkerFitzpatrick lands Piccadilly Line upgrade deal

Contractor to work on Cockfosters depot
4 days ago

26 face fight to renew spots on £1bn NEPO civils deal

Next generation framework to start in March 2025
5 days ago

Go-ahead for £170m King’s Cross life sciences office project

Innovative arched design to carry landmark building over railway tunnels
5 days ago

Mitie buys power contractor ESM for £8.5m

Building FM firm strengthens high voltage contracting offer
5 days ago

New vision unveiled for £5bn Liverpool Waters

More housing included in central docks area after Labour £55m funding boost
5 days ago

String of contract wins sees turnover surge 25% at Mace

Construction division sees revenue leap to £1.73bn
5 days ago

Morgan Sindall wins £32m Walsall waste centre

Contract will transform former metal factory site
5 days ago

Kier wins £30m Greenwich teaching block

London South East Colleges plans to spend £47m on Greenwich Campus redevelopment
6 days ago

Blenheim House Construction applies for administration

Surrey contractor employs around 80 staff generating £87m turnover
6 days ago

GMI chief jumps to Henry Boot Construction

Lee Powell will replace Tony Shaw as MD when he leaves at the end of 2024
6 days ago

Avant Homes makes £109m loss

House builder reveals huge loss just days after entering Crest Nicholson bid race
7 days ago

Contractor services