Keltbray makes move for Dunne Group

Grant Prior 10 years ago
Share

Demolition specialist Keltbray is understood to be in advanced talks to buy parts of the Dunne Group.

Concrete frame firm Dunne fell into administration last month with the loss of 524 jobs.

Administrator FRP Advisory has been in talks with a number of parties over the sale of assets.

One source said: “A lot of people were interested but it seems the offer from Keltbray is the most serious.”

Keltbray has a turnover of £270m and currently employs more than 1,000 people.

Dunne has been replaced on a series of major contracts it was working on at the time of its collapse.

Brookfield has brought in Byrne Bros at 100 Bishopsgate and One Blackfriars while Getjar is moving in at Mace’s Newington Butts site to complete the concrete frame.

Mace said: “We have been working with the administrators and have negotiated the purchase of available materials and hire plant currently on site.

“Discussions continue between the administrators and various parties regarding items of plant on site.

“An element of downtime was experienced to site operations however all cranes were working and material deliveries recommenced quickly.

“Mace is now concluding final negotiations with Getjar to complete the concrete frame .”

FRP and Keltbray were unavailable for comment.

 

Latest news

Vistry warns first-half profits to be hit by discount drive

New Vistry chief starts operational review as cash drive shifts private homes stock
2 hours ago

Strabag UK gears up for civils work surge next year

Trio of major tunnelling jobs to drive revenue to £1bn target
3 hours ago

Glencar revealed as builder of £50m Minecraft World

Contractor confirmed on latest attraction at Chessington World of Adventures
3 hours ago

TfL names trio for £700m station upgrade framework

Amey Rail, Costain and Dragados secure places on London stations deal
3 hours ago

Quinn London sold to staff

£109m turnover contractor latest to transition to an Employee Ownership Trust
19 hours ago

More fines and bans for former Carillion chiefs

Finance chiefs and trio of accountants hit with penalties
19 hours ago

Fusion21 starts race for £350m housing repairs framework

Firms face fight to retain spots on third-generation repairs and voids deal
16 hours ago

London builder Curo Construction ceases trading

Directors write to up to 100 staff telling them not to return to sites
1 day ago

Vistry gets £600m Olympic Park homes go-ahead

First 355-home phase approved at Pudding Mill Lane in Stratford approved
22 hours ago

Fox snaps up highways contractor and readymix firm

DSD Construction and Moore Readymix acquisitions dig group deeper into civils
2 days ago

Kier and Multiplex line up for Derwent London office starts

Developer presses button on two West End schemes as leasing demand and rents strengthen
1 day ago

McLaren lands £99m London Bond Street over-station job

Retrofit-led West One Shopping Centre will retain 60% of existing concrete frame
1 day ago

£26bn Pagabo developer framework goes live for bidders

Four-year framework targets councils, NHS trusts and housing providers
1 day ago

Starmer confirms plan to nationalise British Steel

Plan could clear way for greener electric arc furnace produce steel in five years
2 days ago

Cardo gains place on L&Q’s £3bn home upgrade programme

Housing body expands delivery line-up for 15-year investment plan
2 days ago

Ardmore loses High Court appeal bid to halt £14.9m Crest payout

Judge refuses appeal route and gives no extra time to pay
2 days ago

Taylor Woodrow scoops £856m HS2 control centre mega job

HS2 Washwood Heath nerve centre to cost more than treble original budget
2 days ago

Keltbray scales down as revenue drops

£1m spent on redundancies as London commercial market slows
2 days ago

East London council £500m housing major works drive

Fire safety, M&E and refurbishment works lined up across borough housing stock
2 days ago

Panattoni plans 23-acre scheme in Wakefield

Construction to start this quarter on logistics development
2 days ago

Kori lands latest deal for Care UK

Demolition work to start this week on £12m contract
2 days ago

HS2 chief pushes major project reset back to end of 2026

Wild says project overhaul must be “robust” as slower trains option explored
5 days ago

Winvic tops April contracts league after shed hub win

Orders secured by top 50 firms fall by nearly 20% compared to prior month
5 days ago

Briggs & Forrester banks £511m record pipeline after stronger year

Leaner Briggs & Forrester boosts profit and cash generation
5 days ago

Henry Boot chief prepares exit after strategic overhaul

Tim Roberts to leave later this year as successor named from inside business
5 days ago

1m sq ft Northumberland industrial park approved

Logistics park revival gains momentum with giant Northumbrland scheme
5 days ago

Construction buyers report rampant cost inflation

Input costs rise at fastest rate for nearly four years
6 days ago

Caddick taps B&K veteran to spearhead East Midlands drive

Paul Sykes joins as Caddick eyes £1bn Midlands pipeline
6 days ago

Balfour Beatty powers ahead on energy and defence boom

Contractor says 15 major transmission schemes to start construction within next 18 months
6 days ago

HG targets £500m turnover after Gateway 2 approval surge

Profit jumps 56% as contractor powers through BSR bottlenecks
6 days ago