How contractors should respond to the Carillion collapse
With 30,000 businesses affected and a collective £1bn owed, the scale of this insolvency is extraordinary - but the same common sense responses still apply, says Michael Gallucci
Michael Gallucci is the Managing Director and majority shareholder in M P Gallucci Quantity Surveyors Limited, providing quality surveying, project management, expert witness and dispute resolution service. An accomplished and experienced MEP Quantity Surveyor and Quantum Expert Witness with over 25 years’ experience, principally within the construction industry, specialising in Mediation, Arbitration and Dispute Resolution. On successfully graduating with a MSc in Construction Law and Arbitration, Michael is now completing his I-GDL at the University of Law. Michael is a member of the Society of Construction Law, the Chartered Institute of Arbitrators and the RICS.
Airspace developer secures £9m funding deal
Apex Airspace Developments backed by Homes England to build 78 rooftop homes across five sites in the capital
By PrimeResi
Far East Consortium sets up UK construction arm
DEX Construction has been launched by FEC Group in Manchester to take over from Bardsley Construction, which went into administration just before Christmas.
By PrimeResi
New homes watchdog advances
Natalie Elphicke has been installed as Chair of the fledgling New Homes Ombudsman.
By PrimeResi
Companies in this article
MPGQSMost read
Knight Frank rolls out new commission and pay structures
‘Significant evolution’ across estate agency business includes new performance incentives, as 130-year-old firm looks to 'provide visibility over earning potential'.
Ranked: Britain’s top 10 prime & super-prime property agencies by market share
Savills leads for £1mn+ listings, but is just pipped by Knight Frank in the super-prime arena, according to a specialist marketing firm's analysis.
By PrimeResi
Trio of agents appointed to lead sales at REDD’s One Palace Green
Super-prime resi scheme overlooking Kensington Palace Gardens is set to complete this summer, delivering a collection of top-end apartments priced from £15mn.
St John’s Wood Square marches towards launch, hitting major construction milestone
The former barracks site in NW London is being transformed into a 120-home super-prime scheme by a team led by Sir George Iacobescu.
Knight Frank doubles down on super-prime lettings amid ‘surging’ top-end demand
Agency appoints new Co-Head of Super Prime Lettings for PCL as globally mobile UHNWIs continue to drive activity above £5,000 per week.
Rich List 2026: Britain’s 50 wealthiest property tycoons
Annual rundown of Britain’s richest families and individuals puts combined wealth at £784bn - up slightly on last year - but shows more UHNWIs are now based overseas.
Battersea tower decision ‘extremely disappointing’, says developer
Appeal dismissed over controversial Farrells-designed scheme beside Battersea Bridge; Rockwell laments rejection of ‘great addition to London’s skyline’.
Top-end brokerage tests auction route with Grosvenor Square penthouse
Mayfair duplex once asking £22mn returns with an £11.5mn opening bid via a rarely used super-prime sales process.
After Starmer: Becky Fatemi on the property stakes in Labour’s leadership contest
The UK does not need to be the lowest-tax country to attract wealth, but it does need to feel steady, warns luxury brokerage chief as buyers & sellers brace for renewed uncertainty.
By Becky Fatemi
‘Truly best-in-class’ Eaton Place trophy seeks £37.95mn
Agents are billing this Belgravia behemoth as the 'pinnacle of London luxury living'.
LATEST ARTICLES
Government unveils detailed blueprint for new high-value homes levy
New consultation sheds light on how England’s so-called ‘mansion tax’ could work in practice - including key timelines and a potential premium for overseas owners.
Boutique Echlin-designed scheme launches in West London
CBRE appointed to market nine-unit heritage-themed project just off Westbourne Grove.
From sweet spots to sticking points: How property taxation is reshaping the UK’s prime markets
IN DEPTH: Analysis by Yolande Barnes and Middleton Advisors points to widening gaps between high-friction and low-friction parts of the market - and the implications for pricing and liquidity.
In Pictures: 300-year-old Berkshire estate with royal roots & working vineyard hits the market
1705 mansion in 146 acres 'captures the English countryside dream’, say agents.
London rental market momentum ‘unimpeded’ by Renters’ Rights legislation
Foxtons' lettings boss says 'applicant numbers have spiked, supply is strong and budgets are holding firm.'
By PrimeResi