Redrow loses fight to keep sites open as supplies hit

Aaron Morby 5 years ago
Share

House builder Redrow has decided to close all of its sites blaming growing difficulties with its supply chain.

Redrow site earlier this week when the firm said it planned to keep key sites open
Redrow site earlier this week when the firm said it planned to keep key sites open

The firm had decided to press on with site work despite closing sales offices earlier this week.

But today its announced all sites would now be closed as it lost the struggle to keep its supply chain in place.

John Tutte, executive chairman, said it had become increasingly impractical to keep open as its supply chain had been significantly impacted in recent days.

“As a result the board has now decided to go further and commence with immediate effect, an orderly and safe closure of all of our sites and offices,” he said.

“These are unprecedented times. The actions we have announced today will give us the flexibility to manage the business through this turbulent period to ensure we are ready to resume production when it is safe to do so.

“When there is a return to normality in the supply chain, and we are satisfied it is safe for our workforce to return to work, we will reopen sites and recommence production with an initial focus on fulfilling our substantial order book that stands at £1.4bn of which £0.9bn is contracted.”

Redrow said it had submitted an application to the Bank of England for eligibility for the Government’s COVID-19 Corporate Financing Facility and was looking to use the Government’s Job Retention Scheme.

Latest news

Willmott Dixon veteran takes construction COO role

Former trainee Stewart Brundell promoted after nearly 40 years at the firm
13 minutes ago

Green light for £10bn data hub prep works in Northumberland

Enabling works to roll out over 16 months on former Blyth Power Station site
18 hours ago

VolkerWessels UK profits jump as rail and marine work surges

Infrastructure contractor posts £48m pre-tax profit and stronger order book
20 hours ago

Groundworks boss wins payout over gagging order

Subcontractor raised fears over asbestos on housing sites
10 hours ago

B+K to start £50m rebuild of Northumberland school

Cramlington Learning Village redevelopment contract signed off
20 hours ago

New Homes Accelerator targets six new major sites

Construction to be sped-up on another 12,000 homes
10 hours ago

Network Rail spend down as CP7 shift bites contractors

Firms warn of inflation squeeze and reprofiled workbanks
1 day ago

Wall of six towers planned for North London strip site

Hendon Goods Yard site plan for line of resi blocks rising to 29 storeys
1 day ago

SCF opens door to single stage tenders for first time

Gen-6 Southern Construction Framework to widen scope for smaller jobs
1 day ago

M&J Evans lifts profits as eastward regional push pays off

Groundworks specialist sharpens tender strike rate and grows pipeline to £504m
2 days ago

CHIC confirms 33 winners on £1bn housing framework

Equans, Guildmore, Seddon and Wates land spots on new four-year deal
1 day ago

Trade body joins attack on CITB over funding changes

Fit out specialists describe move as a "kick in the teeth"
1 day ago

Carey demolition cartel claim settled with developer

Legal action withdrawn after both sides agree settlement
5 days ago

Strabag seals financial close for £3bn HARP project

Work to start next year on North West's Haweswater aqueduct upgrade
5 days ago

Civils winners revealed for £12bn National Grid high voltage work

Contractor wins complete £59bn investment programme
6 days ago

Watch giant HS2 bridge move complete ahead of schedule

Video highlights engineering feat in Birmingham
5 days ago

Lee Marley posts record revenue despite project delays

Brickwork contractor weathers hiatus in high-rise starts to deliver fifth year of growth
5 days ago

Latest contract winners in military living revamp

First phase sites allocated under new approach to Single Living Accommodation
5 days ago

Plans go in for £45m transformation of derelict site

Family homes proposed for brownfield land in Edgbaston
5 days ago

Cruden gets green light for Edinburgh housing job

Construction to start later this year to transform vacant 1950s building
5 days ago

United Living quits new-build housing as costs mount

£136m-turnover housing arm to wind down as focus shifts to core infrastructure
6 days ago

Fight looms for £3bn West Midlands building framework

Galliford Try, Morgan Sindall and others face fight to keep CWM seats
6 days ago

Industry anger over sudden CITB funding changes

Smaller contractors lose funding route worth £10,000 a year
6 days ago

Plans in to transform former GSK London HQ with 2,300 homes

Landmark 13-acre scheme set to transform Brentford Great West Road campus
6 days ago

Watch Murphy near completion of major new rail bridge

Latest video reveals progress on Greek Street bridge during 21-day train suspension
6 days ago

Mount Anvil’s in-house builder drives results in testing market

Group development pipeline holds steady at 3,384 homes despite dip in profit
6 days ago

Costain margin heads for 4.5% after half-year profit rise

Roads and HS2 rephasing hit transport revenues but £5.6bn forward book to support growth
1 week ago

Hinkley contractors face prosecution over rebar mesh fall

Bouygues and Laing O'Rourke face action brought by the Office for Nuclear Regulation
1 week ago

Farrans to build new £59m Paisley bridge

Work to start soon on transport project for Renfrewshire Council
1 week ago

Crown Estate hires Olympics village veteran to lead delivery push

John Nicholson to oversee £16bn portfolio’s major UK development pipeline.
1 week ago