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Week in numbers: Lakesmere, cranes and Arsenal

The key figures behind the week’s big news, from expansion at Arsenal, Lakesmere Group’s collapse and Morgan Sindall’s order book.

831 – Lakesmere headcount

20171103 week in numbers Lakesmere

20171103 week in numbers Lakesmere

The major cladding and building envelope firm called in administrators following a number of problem jobs in its UK business. Wholly owned subsidiary McMullen Facades has not been placed into administration.

37% – Growth in Lakesmere’s turnover in two years

Turnover at Lakesmere Group increased from £86.3m for the year to 31 January 2014 to £118.5m for the year to 31 January 2016. Profit before tax grew by 77.9 per cent over the same period to hit £3.54m.

27 tonnes – crane collapse

20171103 week in numbers crane

20171103 week in numbers crane

A man was rescued by fire services after a 27-tonne crane overturned on a housing project in Basingstoke. Emergency services pulled the man from the cab of the crane, which had fallen on its side into a building.

780 – Emirates expansion

20171103 week in numbers Arsenal

20171103 week in numbers Arsenal

Arsenal has announced it will expand over the next two summers to return its stadium to a capacity of just over 60,600. The extra seats will be installed in two phases, with the first starting next May after the end of the 2017/18 season and the second taking place in the summer of 2019.

50.8 – Construction activity back in the black

The Markit / CIPS construction PMI index rose to 50.8 for October, up from 48.1 in September, as a jump in housebuilding offset a fall in commercial and civils work. A figure above 50.0 shows the industry is expanding. The September reading represented the first contraction in activity for 13 months.

£3.8bn – Morgan Sindall’s pipeline

20171103 week in numbers Sindall

20171103 week in numbers Sindall

Morgan Sindall also upgraded its full-year profit forecast after a strong construction performance, but chief executive John Morgan admitted to CN that its margins in the sector were “still not special”.

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