The firm is set to start full construction in the coming weeks on a \u00a3210m Machine Shop project for Sheffield Forgemasters after locking down a final build price late last year.<\/p>\n
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<\/a><\/p>\nSheffield Forgemasters\u2019 13,000 tonne forging line and machine shop will create a new generation of engineers and designers supporting UK defence manufacture<\/p>\n<\/div>\n
The flagship industrial scheme will deliver a 30,000 sq m machine shop on a 16-acre brownfield site at Weedon Street, next to Forgemasters\u2019 existing Brightside Lane facilities.<\/p>\n
The building will house heavy-duty manufacturing kit, forming a central plank of the steelmaker\u2019s long-term investment programme.<\/p>\n
Enabling works are already complete and advanced works are now pushing ahead on site, giving the job an early run-up ahead of full construction.<\/p>\n
Alongside Sheffield, McLaughlin & Harvey has also just landed a \u00a324m North East win to build a new landing for the Shields Ferry at North Shields Fish Quay.<\/p>\n
<\/a><\/p>\nPlanned new ferry landing at North Shields Fish Quay<\/p>\n<\/div>\n
The project will underpin the long-term future of the cross-Tyne service, creating a direct link between the regenerated Fish Quay and South Shields town centre for the first time. Work is due to start early this year, with completion pencilled in for 2028.<\/p>\n
These wins follow sustained investment in business development and a beefed-up pre-construction team, as the contractor targets longer-term, lower-risk work across multiple sectors. The strategy has focused on two-stage tenders, frameworks and early contractor involvement to lock down risk before projects move on site.<\/p>\n
McLaughlin & Harvey said prolonged procurement timelines across the industry continue to hold schemes back, with several major projects now slipping into the middle and later stages of the 2025\/26 financial year.<\/p>\n
Those delays fed through to the firm\u2019s latest results, with revenue falling 30% to \u00a3612m in the year to June 2025. However, tighter cost control and stronger operational delivery pushed pre-tax profit up to \u00a318m, from \u00a312m a year earlier.<\/p>\n
The balance sheet remains rock solid, with net assets of \u00a367m and cash of \u00a3148m at year end.<\/p>\n
The contractor said its construction and civil engineering order book is well positioned for 2025\/26 and beyond, with the bulk of next year\u2019s budgeted turnover already secured.<\/p>\n
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