Pettifer's PCM sale saves jobs

PCM Ltd, the London-based construction consulting arm of the troubled Pettifer Group, has been sold to Confluence Project Management, for an undisclosed sum.
The purchase of PCM by the Australian-based project management firm saves 64 jobs, and is a welcome relief following the slide into administration of the family-run Pettifer Group, earlier this month.

Warwickshire-based failed contractor Pettifer Construction entered administration on November 27, making more than 100 employees redundant. Pettifer Estates entered administration on December 3 and was followed by its owner the Pettifer Group which entered administration on December 8.

The Pettifer building firm was established more than 50 years ago by Tom Pettifer. The Pettifer Group (owners of Pettifer Construction and Pettifer Estates) employed a total of 350 staff. Administrator KPMG reported it was continuing to work on the administrations of Pettifer Construction, Pettifer Estates and the Pettifer Group.

22 December 2008

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£1.8 billion awarded to boost efficiency in homes and public buildings

Schools and hospitals and more than 115,000 homes across England are to get upgrades to improve their energy efficiency as the Government announces the allocation of nearly £2 billion in funding.

The Social Housing Decarbonisation Fund and Home Upgrade Grant are collectively worth £1.4 billion, which will be used to fund energy-saving measures ranging from loft insulation to new windows. An additional £1.1 billion in match funding for social housing provided by local authorities, providers of social housing and charities will bring the total investment to £2.5 billion to upgrade social and private homes in England.

23-Mar-2023