Cash-strapped Roadbridge stops work on HS2

Grant Prior 3 years ago
Share

Civils contractor Roadbridge has suddenly stopped work on HS2 as the company faces a cash-flow crisis.

Roadbridge plant lined-up on HS2 after workers were pulled-off the job
Roadbridge plant lined-up on HS2 after workers were pulled-off the job

The Enquirer understands that hundreds of civils operatives were sent home from HS2 sites on Thursday and Roadbridge’s vast plant fleet is being packed-up.

Workers are also understood to have been let go at sites in Ireland and Scotland.

Limerick based Roadbridge has offices in England, Scotland and Wales and has been in business for more than 50 years.

The contractor has a direct labour force of more than 1,600 people.

Roadbridge has been seeking an investor in the business for some time with a deal with a “white knight” buyer understood to have collapsed earlier this week.

One source said: “Word has been doing the round for a while that Roadbridge were in trouble and suddenly today hundreds of workers at HS2 were told to go home.

“A lot of money is owed to suppliers on what is the country’s flagship civils job.

“All of the plant has been packed up to one side on the site and it looks like it will be on its way somewhere.”

Roadbridge owns one of the largest in-house plant fleets in Europe which is the company’s main asset.

On HS2 Roadbridge was working on two sites for the Align JV of Bouygues, Sir Robert McAlpine, and VolkerFitzpatrick and the EKFB JV of Eiffage, Kier, Ferrovial Construction and BAM Nuttall.

Latest news

Careys directors sacked after £4m job-loss showdown

Pair win unfair dismissal case after being accused of "tickling each other’s bollocks"
3 days ago

Danny Sullivan Group hits back over HS2 allegations

Labour supply giant confident it is "fully compliant with all tax obligations"
3 days ago

Bid race takes off for £500m MAG airport small works deal

Nine-lot framework to cover civils, building and M&E jobs up to £5m
3 days ago

Mace director joins Wates as Chief Commercial Officer

Pat Fitzgerald to lead commercial strategy at Wates
3 days ago

Rob Perrins steps up as executive chair in Berkeley shake-up

Long-serving chief steps up to lead housebuilder’s next growth phase
3 days ago

Competition watchdog turns attention to civil engineering

Competition and Markets Authority launches study into road and rail delivery
4 days ago

Timber imports rise for first time in four years

Softwood volumes and prices lead rebound as housing outlook improves
3 days ago

10-Year Infrastructure Strategy published

Full details as Government pledges £725bn of funding over the next decade
4 days ago

Korean firm buys part built Hackney job from failed Elements Europe

Work can now restart on 21-storey hotel and office development
4 days ago

Mark Wild radical reset plan to rescue HS2

Senior manager bonuses scrapped and non-permanent labour cutback
4 days ago

HS2 supply chain fraud claims spark ministerial probe

Transport secretary pledges one-year reset for HS2 to end 'litany of failures'
5 days ago

Lords launch inquiry into Building Safety Regulator delays

Industry asked for evidence of how system is failing: Have your say
4 days ago

Willmott Dixon director becomes co-owner of local contractor BSN

Nick Gibb targets £100m turnover at Dudley based national contractor
5 days ago

Dry lining boss sentenced after mystery account moves

Court hears of £500,000 in unexplained transfers before contractor went under
4 days ago

Barhale bags £16m shaft tank for Severn Trent Water

"Final piece in the puzzle" of Etruria Vale upgrade
4 days ago

Keltbray strikes £30m funding deal for growth

Three-year funding deal to support push into higher-margin work
5 days ago

Take That brother buys steelwork giant William Hare

Entrepreneur Simon Orange seals deal for £350m turnover contractor
5 days ago

Civils contractor LF Solutions files administration notice

£20m-turnover specialist has labour supply arm and own plant fleet
5 days ago

Joseph Gallagher lands £50m green energy deal

Major trenchless construction contract for HyNet North West project
5 days ago

New boss drives NG Bailey to record revenue

Fresh strategy lifts M&E group's order book to £1.6bn
5 days ago

Costain wins vast underground hydrogen storage design job

Firms lands FEED contract for Cheshire salt caverns conversion
5 days ago

Graham gets green light for £70m Glasgow student tower

Construction due to start this year on 25-storey Anderston scheme
5 days ago

New £16bn National Housing Bank to drive 500k new builds

Homes England given new powers to finance stalled and complex schemes
5 days ago

Morgan Sindall upgrades profits forecast for this year

Overbury fitout and construction operations exceed trading expectations
6 days ago

Major project bidders to face ‘British jobs’ test

Contractors to face tougher jobs pledge scrutiny under new procurement shake-up
7 days ago

Green light for £32m Wythenshawe Culture Hub

Construction to start this year on first phase of £500m town centre revamp
6 days ago

Hercules delivers record first half as HS2 fuels growth

Labour supply specialist says HS2 demand climbing with 630 workers now deployed
6 days ago

Private equity firm acquires Hepworth Clay pipes business

Historic UK drainage manufacturer sold by Wavin
6 days ago

Balfour Beatty names new Scottish MD

Nick Rowan to take reins as Hector MacAulay to retire after 40 years
7 days ago

£500m rail deal locks in future for Scunthorpe steelworks

Government-backed deal with Network Rail safeguards UK production
6 days ago

Contractor services