Building on solid foundations

New figures have given a fresh boost to the property market with improvements in construction and mortgage approvals.
An influential survey has revealed that confidence levels in the construction sector have reached a nine year high.
The CIPS/Markit Construction Purchasing Managers’ Index (PMI) rose to 55.9 in May, up from 54.2 in April. Readings above 50 indicate growth.
It shows that the sector is bouncing back following a two-year low in April, and that stability is returning following the Conservative majority in the general election.
In a double boost, new data from the Bank of England showed that mortgage levels hit their highest level for 14 months in April.
According to the Bank, there was a 10% rise in approvals for house purchases from March to April, the highest month-on-month increase since 2009.
Although this total of 68,706 in April is up, it is still far below the peak of 129,996 in November 2006 when the property market was booming. Analysts don’t expect to see figures hit the heights of those years.
The Bank figures reflect findings by the British Bankers Association last week which also revealed that mortgage applications had shot up to their highest level in nearly a year.
We’ve noticed the Spring bounce at McAndrew Martin with a rise in demand for our surveys and property related services continuing into June.
These include mechanical, electrical and structural engineering, architectural design, land and new homes developments, boundary work, legal services, conservation and project management.
Our friendly and experienced team of staff are able to offer a wide range of expert advice and support.
Please do get in touch on 02392 697193 or email for a free, no obligation conversation about how we can help.
Please do also like us on Facebook, follow us on Twitter @McAndrewMartin and connect with us LinkedIn if you get the chance!

New figures have given a fresh boost to the property market with improvements in construction and mortgage approvals. An influential…

11th June 2024

Is your supply chain secure?

Disruption of critical infrastructure is becoming more and more prevalent with hackers targeting UK Government departments directly, with recent high profile and high impact attacks on the NHS (link) and UK MOD Payroll (link). Whilst the obvious targets would seem to be in the defence environment, hackers are looking to…
4th June 2024

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser for St Catherine’s Hospice At McAndrew Martin, we believe in supporting our local communities. Recently, we were approached by our client, BAM FM, with a request to support the inspiring children of Thomas Bennett CC about sponsoring their efforts to raise funds…
28th May 2024

Empowering Future Engineers: Max Marshall inspires students at TBS, Ascension Island

At McAndrew Martin, we believe in nurturing curiosity and inspiring the next generation of engineers. Recently, our very own graduate engineer, Max Marshall, visited TBS (Two Boats School) on Ascension Island to engage with Year 11 students, to shed light on the fascinating realm of structural engineering. Max, who has…
23rd April 2024

Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme

We are delighted to announce that following a rigorous tender process, Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme in the Asia region covering a range of FCDO assets in some highly prestigious countries such as Hong Kong, Malaysia…
15th April 2024

A Glimpse into the Minds of our winners of the McAndrew Martin Ltd Staff Awards

As we celebrate the successes of the past year at MML, it’s time to recognise the outstanding individuals who have played a pivotal role in our achievements. Today, we have the privilege of hearing from some of our award winners as they share their thoughts and reflections. Lee Sergeant –…
4th April 2024

Bastion Protects as Partner of the Year

At our recent End of FY Presentation event, MML were delighted to invite our trusted partner Bastion Protects and present them with the award for MML’s Partner of the Year.Over the past 12 months, MML and Bastion Protects have joined forces on over 100 projects throughout the UK, consistently surpassing…
4th April 2024

McAndrew Martin Ltd completes MBO, backed by private equity firm Roycian Ltd

Roycian, the Private Equity firm backed by a portfolio of private investors and family offices, completes £7million MBO of specialist property services business, McAndrew Martin Ltd. Founded in 1989 by Bill McAndrew, McAndrew Martin is an award-winning, multi-disciplinary property services business, with its headquarters in Cosham, Hampshire. The business provides…
21st March 2024

Welcoming Dave Sykes as Director of Security

McAndrew Martin Ltd is excited to announce that David Sykes has joined our team as Director of Security to lead our new Security consultancy business. With 22 years in the British Army in security and intelligence roles, and a further 11 years supporting blue chip clients in UK, Dave brings a wealth…
13th March 2024

McAndrew Martin Ltd.’s Inaugural Staff Awards Ceremony

The inaugural Staff Awards Ceremony, hosted at the Portsmouth Marriott Hotel, marked a significant milestone in McAndrew Martin Ltd.’s history. Employees gathered for an afternoon dedicated to celebrating staff members’ efforts and providing crucial updates on the company’s direction. Here’s a brief recap of the afternoon: Bill McAndrew, our founder,…