Torsion Construction has entered administration after efforts to secure a rescue solution failed, with the company citing prolonged difficult trading conditions and project-specific commercial pressures. The firm said direct payment arrangements on some projects helped protect clients and supply chain partners, but also reduced working capital, leaving administration as the only viable option.
The Building Safety Regulator says its oversight is helping to restore confidence in London’s flat market by improving perceptions of safety, credibility and value in existing residential buildings. BSR leaders also argued that closer engagement with industry is reducing delays in the gateway process and improving the passage of schemes through regulation.
Mace Consult says panic-buying ahead of changes to UK steel import rules has contributed to sharp rises in fabricated structural steel prices and wider construction material inflation. The report links this to supply disruption, higher energy costs and broader uncertainty, warning that lead times and procurement risk may worsen in the near term.
