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Sunday, 25 February

It's Bigger. It's Better. The TWinFM FM Digest Is Here

Carillion was in the doo-doo on Friday 17...quite deep doo-doo given the company's Board openly declared the firm had no choice but to renege on promises it had given to its shareholders and the markets.

In its interim results (September 29), Carillion confirmed that it was forecast to be in compliance with its financial covenants as at December 21 2017. The Board acknowledge this will not happen.

Carillion's share price has plummeted.

In fact Carillion's share price plummeted to such an extent any betting person would have expected a suspension in dealing.

 

Friends in high places

Yet this morning, the company's share price took a massive hike back up (recovering much of the losses) on the news that it has been awarded two lots on the Education & Skills Funding Agency’s (ESFA) school building framework.

The new framework is for a period of four years and replaces the existing ESFA Contractors Framework, on which Carillion was also a provider.  The framework provides a procurement route for education providers to access pre-selected contractors to deliver new education facilities.

Carillion has been appointed on both lots it bid, covering the north and south of England, for high value projects (worth more than £12 million).  These are anticipated to be worth c£2.64 billion in total over the period to 2021, with the Group one of nine contractors selected on the framework.

Keith Cochrane, Interim Chief Executive, said: "(Whew!) We are pleased to have re-secured our position on this framework despite the Group’s current challenges."

 

Back to the doo-doo

The Group now expects that a combination of delays to certain PPP disposals, a slippage in the commencement date of a significant project in the Middle East and lower than expected margin improvements across a number of UK Support Services contracts, will lead to profits for the year to December 31 being lower than expected - compliance with its financial covenants was dependent on achieving its forecasts.

A statement on Friday 17 read: 'Since July, the Group has been focused on reducing costs, collecting cash, executing its disposals programme and implementing its new operating model.  These self-help measures will serve to reduce the Group’s average net debt over time, but they will not be sufficient to enable the Group to achieve its target net debt to EBITDA ratio of between 1.0 to 1.5 times by the end of 2018. The Board is therefore in discussions with stakeholders regarding a broad range of options to further reduce net debt and repair and strengthen the Group’s balance sheet. This will require some form of recapitalisation, which could involve a restructuring of the balance sheet. The Board expects to commence steps to implement the chosen option during the first quarter of 2018 and a further announcement will be made in due course'.

 

Robertson FM

Robertson Facilities Management has signed a new three year contract (first awarded in 2013) with South Tyneside College to supply ground maintenance services.

The renewed contract will also include the added remit of Tyne Metropolitan College, which recently merged with South Tyneside College to become part of Tyne Coast College.

 Robertson Facilities Management will deliver hard and soft grounds maintenance and minor works services for seven building across the two campuses.

 

Radish

Churchill Services Group has given its catering business  new brand - Radish.

The Division increased its annual turnover by almost £8 million as a result of large contract wins in the higher education and assisted living sectors. The firms also bought Redcliffe Catering (2013) and Pride Catering (2015), which contributed to this success. Radish will now combine all the companies under one united brand.

 

Mitie Board changes

Mitie Group has announced the appointment of a new Group CFO. Paul Woolf, former CEO of Virgin Active Health Clubs. Sandip Mahajan, who has held the role of Group CFO since February 2017, will step down from the Board and take up a new role as the Group’s Chief Financial Transformation Officer.

 

Historic Royal Palaces

The partnership between Historic Royal Palaces (HRP) and Ampersand, CH&Co Group’s specialist venue and visitor attraction catering business, has seen the catering contract extended for a further five years.

The £12 million deal encompasses attractions the Tower of London, Kensington Palace and Hampton Court Palace. As part of the agreement, Ampersand will be making significant investment in the catering facilities at all three Palaces to realise growth plans and respond to demand.

Gina George, HRP’s Retail & Catering Director, said: “As the custodians of some of the UK’s most popular heritage sites, we know that a strong catering offer is crucial to a successful visit. We’re looking forward to realising some plans for the restaurants and cafés across our sites over the next five years.”

 

Green Apple Environment Awards

ISS has won three Green Apple Environment Awards in the international campaign to find the greenest companies, councils and communities.

The company competed against more than 500 other nominations in the Green Apple Awards for Environmental Best Practice in the Banking, Food Manufacturing and Hospital categories, and received their awards at a presentation ceremony in the Houses of Parliament, on November 6.

The awards are organised by The Green Organisation - an international, independent, non-political, non-profit environment group.

The Green Apple Awards are supported by the Environment Agency, the Chartered Institute of Environmental Health, the Chartered Institution for Wastes Management and other independent bodies.

ISS won for three initiatives:  a system which enables food waste data to be captured and analysed to drive best practice across a banking client’s estate, a tailor-made solution that is keeping a food manufacturing client on track to recover or recycle 100% of waste by 2018 and a Healthcare Excellence Pack which has dramatically improved performance for a London hospital with a 50% increase in its recycling rate and methodology for long term management and impact.

 

The shortlist for the CIBSE Building Performance Awards 2018 has been revealed.

The Aquatics Centre on the Queen Elizabeth Park, London; a Healthy Office in Warsaw, Poland; and Tower 3 in Melbourne Australia are just some of the buildings to have been selected.

The Awards focus on knock-out engineering projects in the built environment - and they gather measured performance, rather than design intent or performance specifications.

 

The shortlist is:

Building Performance Consultancy (up to 100 employees)

Sponsored by ABB

Crookes Walker Consulting

Elementa Consulting

Keysource

 

Building Performance Consultancy (101-1000 employees)

Sponsored by Smiths

BDP

Couch Perry Wilkes

Hoare Lea

Red Engineering Design

TÜV SÜD Real Estate

 

Building Performance Consultancy (over 1000 employees)

AECOM

Atkins

BuroHappold Engineering

 

Collaborative Working Partnership

Sponsored by Lochinvar

5 Broadgate London Real Estate Programme – UBS

David Attenborough Building – BuroHappold Engineering

Energy Monitoring Platform with Intelligent Apportioning – Next Control Systems

Royal Academy of Arts Heating Refurbishment – Remeha

The NEDO Project – NPS Northwest

 

Energy Management Initiative

Sponsored by Imtech

Aquatics Centre on the Queen Elizabeth Olympic Park- ENGIE

London HQ at Broadgate  - UBS

Energy Management of Swire Properties Hong Kong Portfolio - Swire Properties

Riverside Museum - IES / Glasgow Life

Tower 3, Melbourne, Australia - Energy Action

 

Facilities Management Team

Sponsored by Gratte Brothers

 Midway House, Birmingham – CBRE Global Workplace Solutions

Regent’s Place Office Buildings – Broadgate Estates

University of Oxford Carbon Reduction Programme – University of Oxford

 

Learning and Development

Atkins Human-Centred Design Initiative – Atkins

Building Maintenance Apprenticeship Initiative – George Birchall Service

GATES Training Scheme – Hurley Palmer Flatt

Getting to Zero – Elementa Consulting

Net Zero Buildings offsite construction tour/Redmoor Academy’s Schoolhaus grand opening – Net Zero Buildings

Sustainability Matters – Landsec / UK Green Building Council

 

Energy Efficient Product or Innovation

Artus Hybrid Low Energy Fan Coil Unit – Arup

Danfoss FlatStation – 7 Series DS (R-FI) – SAV Systems

i-FX-Q2 – Mitsubishi Electric Hydronics  IT Cooling Systems S.p.A

NewMass – BuroHappold Engineering

RQM MultiEvo – Nicotra Gebhardt

SmartAir – R & B Industrial

 

Energy Saving Product or Innovation

Alreflex Full Fill – Thermal Economics

C-Tech – Cavendish Engineers

Q-Floor – Q-Bot

Speed Technology for Lift – SODIMAS

 

Project of the Year - Commercial/Industrial

Sponsored by Viega

 350 Euston Road HVAC Refurbishment – Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A

David Attenborough Building (Cambridge Conservation Initiative offices) – BuroHappold Engineering

The Enterprise Centre – Architype / BDP

Wellcome Wolfson Institute for Experimental Medicine – WYG

 

Project of the Year – Leisure

Sponsored by Conex Banninger

Oriam – Max Fordham

Sharnbrook Mill Theatre Phase 1 – Ash Building Services Consultants

 

Project of the Year - Public Use

Blavatnik School of Government – Hoare Lea

Centre for Medicine, University of Leicester – Willmott Dixon

GlaxoSmithKline Carbon Neutral Laboratory for Sustainable Chemistry – AECOM

The Fusion Building – Hoare Lea

University of York Environment Building – BuroHappold Engineering

Windmill Community Campus – Fife Council - Property Services

 

Project of the Year – Residential

Cobalt Place – TÜV SÜD Real Estate

Hampshire Passivhaus – Cundall

Killynure Green, Carryduff – Choice Housing Ireland

The Paise – Newton Architects

                                  

Project of the Year - International

Sponsored by CMR Controls

Cajamar Headquarters, Almeria, Spain – Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A

Pomona Ultra-Low Energy Lab Eliminates Performance Gap, California, USA – Elementa Consulting

The New healthy office, Warsaw, Poland – BuroHappold Engineering

UCLA Engineering VI – Phase I (WIN-GEM), California, USA – BuroHappold Engineering

 

EFS Facilities Services wins integrated facilities management contract with King Abdullah Economic City

EFS Facilities Services, which operates across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City.

Under the terms of the agreement, EFS will provide integrated facilities management services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management. The contract will run over an initial period of three years.

“King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said Mr. Tariq Chauhan, Group CEO, EFS Facilities Services. “With our expertise and experience in managing world-class facilities and technology-driven processes, we aim to maintain the highest standards of service appropriate to this ground-breaking city.”

“The complexity of operating a development on the scale of KAEC demands the very highest levels of specialist expertise across multiple business verticals. We selected EFS as our integrated facilities management service provider based on their wide-ranging industry expertise and their proven track record throughout the region,” said Eng. Ayman Mansi Acting CEO of KAEC’s Industrial Zones Development Company Limited and Senior Director of New Business Ventures. “We have every confidence in our new partner and look forward to a long and happy working relationship.”

King Abdullah Economic City is the largest privately funded new city development in the world, covering an area of 181 square kilometers on Saudi Arabia’s Red Sea Coast. The city’s King Abdullah Port is one of the world’s top 100 container ports and feeds a growing logistics and manufacturing hub. The city is also the largest residential real estate company in Saudi Arabia in terms of sales and operates a wide range of commercial, leisure, and retail outlets. The city is under development by Emaar, The Economic City.

 

Lambeth lifts

Lambeth Council has given Apex Lifts the nod on a lift modernisation project which will start in January 2018 and is expected to last a year. With the lift modernisation forming part of Lambeth’s wider regeneration project, Apex Lifts has been tasked with modernising 23 lifts with various capacities, all of which are based in residential buildings across three Lambeth Estates. This will involve the major modernisation of all lifts, retaining only the guide rails, brackets and counterweights. Apex Lifts will also be manufacturing all bespoke steel works for the lifts in-house.

 

Catering at the Natural History Museum

Payne & Gunter, has retained their position as an accredited catering supplier for the Natural History Museum. The appointment continues Payne & Gunter’s longstanding relationship with one of London’s most popular museums and will see their team of expert chefs eligible to cater for all events at the Grade-I listed venue. 

With event spaces at the venue ranging from the grand Hintze Hall, to more intimate rooms, Payne & Gunter will continue to deliver catering concepts inspired by the museum.

Recently created bespoke menus for 800 people included hot smoked trout served with crab beignet on toasted waffle, chive crème fraiche, caviar capers and dehydrated basil oil. Wellington of slow cooked rib wrapped in brioche dough. These were followed by mini dessert pots of spicy apple and pear crumble with blackberry cream, red velvet and Oreo trifle, and lemon posset with shortbread biscuit.

Picture: Payne & Gunter will walk with dinosaurs as it caters at the Natural History Museum

Article written by Brian Shillibeer

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