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First Handover at R8 Kings Cross

05.07.2022

We are ready to do the handover for Level 3 at R8 Kings Cross in London. In the process the columns were checked for position, plumb and level, the beams at level 3 & 4 were measured for level and edge trim was checked for position deviations. We are also checking the levels of the columns at the splices level, riser positions and making sure we place control targets on the superior levels before the steel structure blocks our view. We are working along with the market leaders when comes to steel, Severfield UK. They make the engineer's job easy by fabricating top quality steel parts and managing the job at the highest standards possible

Severfield enjoys record £486m order book

17.06.2022

Underlying pre-tax profit rose 11% to £27m in the year to March 2022 on revenue up by the same measure at £404m, driven mainly by the steep rise in steel prices.
Alan Dunsmore, chief executive officer, said: “The increase in profit also reflects our ability to offset inflationary cost increases through a combination of operating efficiencies, higher selling prices and contractual protection as steel remains largely a pass-through cost for the group.”
As a result underlying operating margins remained stable at 6.7%, slightly down from 7% previously.
He added: “Inflationary pressures remain present and are expected to continue into 2023, however we expect to be able to minimise the impact of these through the focused sourcing of materials through the supply chain and ongoing operational efficiencies.”
Dunsmore said that tendering activity in the UK and Europe remained strong, and had seen Severfield build a record UK and Europe order book of £486m, up from £393m.

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January 1, 2025

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