Anti-collusion investigation sets its sights on demolition.
DemolitionNews understands that the Competition & Markets Authority (CMA) is currently probing as many as seven UK demolition companies as part of its ongoing investigation into suspected anti-competitive arrangements in the supply of construction services that may infringe Chapter 1 of the Competition Act 1998.
The companies in question are thought to be primarily located in London and the Midlands, although the names of the firms involved has not yet been released publicly. DemolitionNews further understands that these companies have been raided and that laptop computers and mobile phones have been seized by investigators, pending further scrutiny. Although unconfirmed, rumours suggest that the investigation was triggered by the actions of a whistle-blower who claims to have evidence of industry collusion.
These investigations follow several similar probes into other sectors of the construction industry including fit-out and groundworks. Several of these investigations have already resulted in hefty fines and the disqualification of senior company directors.
More details as we get them.