Company News The money that we have contributed to various areas across London since 2018 is part of our commitment not just to building homes in communities, but helping to shape them as well. • Over £1.5 million in both Stratford and Sydenham.
BELLWAY INVESTS NEARLY £60 MILLION IN LONDON COMMUNITIES Bellway London has delivered a funding boost for local communities across the capital through financial investment of almost £60 million since 2018. Significant growth has led to the housebuilder successfully delivering 14 new developments across London in that time, with contributions to those areas totalling £58,847,989. Financial support has been provided through planning agreements to boost facilities in the local area, as well as through the funding of affordable housing and
infrastructure improvements as part of the developments. The contributions across London include: • £29 million in Nine Elms, including £10 million towards affordable housing • Over £6 million in Hornchurch, including £1.5 million towards education • Over £6 million in Dartford • Over £4.9 million in Bexleyheath • Over £2.5 million in Greenwich, including £1.5 million towards education and community projects • Over £2 million in Beckton
As well as affordable housing and education, the funding has supported projects including local employment in Poplar, Croydon, Nine Elms, Old Isleworth and Sydenham and carbon offsetting in Croydon, Woolwich and Hayes. Regional Chairman of Bellway London and the South East, Ian Gorst, said: “The money that we have contributed to various areas across London since 2018 is part of our commitment not just to building homes in communities, but helping to shape them as well. “We have invested money across London to help regenerate areas and improve local infrastructure that will benefit local residents now and for future generations. Our funding has also helped to create local jobs and boost the wider local economy.” Bellway London has provided new housing and investment across 11 boroughs in London to date, and is currently building homes at developments in 15 locations in the capital including Greenwich, Nine Elms, Beckton, Hornchurch, Stratford, Bexleyheath, Dartford, Sydenham, Forest Hill, Barking Riverside and Hayes.
SFP COMPLETES SALE OF CONSTRUCTION AND MANAGEMENT TRAINING
Kemp and Richard Hunt, of SFP, were appointed as Joint Administrators on 6 May 2021.
Nationwide insolvency practitioner SFP has successfully completed the sale of Northamptonshire-based Construction and Management Training Limited after the business was placed into administration.
SFP subsequently achieved a sale of the business to CMT Commercial Services Limited on 14 May with the two employees transferring to the new company. The training facility infrastructure was also sold to an independent third party.
Construction and Management Training’s troubles started pre-pandemic as a result of a fall in demand for the company’s NVQ training. While costs were reduced to protect the future of the business cashflow problems persisted and following redundancies only two employees remained with the business. The company was incorporated in October 2009 to provide training and assessment solutions to the construction industry.
It initially provided training for other training providers on a contractual basis as well as to a local agricultural college. As the business grew it was engaged by various leading UK Construction companies and by 2012 it had won a major contract to provide NVQ training for the plant operators of a major company. It expanded its workforce and established a bespoke training facility in Fulbourn, Cambridgeshire. By 2017/18 its workforce peaked at 12 staff, with a turnover of c£1.2 million – but in 2019/2020 turnover halved, and the business sought financial advice, entering a Company Voluntary Agreement (CVA). Unable to meet the terms of the CVA, the Directors engaged SFP. David
22 Construction UK Magazine - June 2021
David Kemp recognises the importance of achieving a sale despite the difficult environment: “Construction and Management Training Limited was already in difficulties before the pandemic, and is a classic example of the impact that the loss of a major contract can have on a business. This is a big enough challenge in normal times, but the pandemic added another level of complexity and so we are delighted to have achieved a successful sale.”