3i leads pipeline firm buy-out
Derby-based contractor McLoughlin Pipelines (MLP) has been acquired
in an institutional buy-out led by venture capital specialist 3i.
MLP specialises in installing pipelines for water and gas companies
in the UK and Ireland. Included in the buy-out was MLP's sister
company Eric Johnson Stubbs, which is also a pipeline contractor.
The two companies have a combined turnover of £20 million and
employ 250 people.
engineers seek higher status
A poll of 4,500 members of the Engineering Council, the body which
oversees the 37 engineering institutions, has come out strongly in
favour of a national campaign to promote UK engineering as a
stimulating career. The survey also revealed that nearly two thirds
of the respondees wanted to use the prefix title of Engineer before
their name, in the same way as Doctor is used by medical
practitioners. Just over half of respondees called for a
certification system to be adopted to vet engineers engaged in
certain specified areas of work.
BLUE FLAGS FOR BROWN FIELDS
The National Housing Federation is calling on Government to give
former contaminated sites a quality seal of approval before they
are built on. The federation claims that a "blue flag" scheme is
"essential if purchasers and residents are to have confidence that
formerly contaminated land has been cleared-up properly".
SCOTTISH MORTGAGE INITIATIVE
The Scottish House Builders Association has launched a new service
that is said to guarantee mortgages to house buyers. The service is
available to SHBA members and is being handled by HIFAL - an
independent company within the banking and mortgage giant Halifax.
The scheme is intended to make purchasing a new home faster and
tempt buyers away from the second-hand housing market. The House
Builders Federation, which represents firms in England and Wales,
said it was not intending to follow suit because "most of our
members have links with the major lenders."
REFORM PLANS FOR RICS
Radical plans to reform the 130-year-old Royal Institution of
Chartered Surveyors have been given the go-ahead by the
institution's ruling general council. A call to rethink the
structure and purpose of the RICS and how these can be adapted to
meet the needs of its 100,000 members was made by president Richard
Lay, a couple of months ago. General Council has now endorsed Lay's
call and has earmarked £100,000 to pay for the work of eight
task forces - each will look into a specific area. These topics
are: education, research, national and local organisations, merging
with the Incorporated Association of Valuers and Auctioneers,
promotion, residential agency, and international matters.
PILING instrumentation system tested
May Gurney is trialling a new instrumentation system for monitoring
the installation of continuous flight augured piles. The system,
the PL2000, has been fitted to the cab of one of May Gurney's
piling rigs and monitors all the auguring parameters such as depth
and drilling rate as well as details like concrete supply rate.
From the information gathered, it should be possible to highlight
defective piles. The equipment also has a wireless datalink which
can receive data such as pile schedules and layout drawings.