Skip to main content
Facilitate Magazine: Informing Workplace and Facilities Management Professionals - return to the homepage Facilitate magazine logo
  • Search
  • Visit Facilitate Magazine on Facebook
  • Visit Facilitate Magazine on LinkedIn
  • Visit @Facilitate_Mag on Twitter
Visit the website of the Institute of Workplace and Facilities Management Logo of the Institute of Workplace and Facilities Management

Main navigation

  • Home
  • News
    • Comment
    • People
    • Reports
    • Research
  • Features
    • Analysis
    • Features
    • Round Tables
    • Webinars
  • Outsourcing
    • Contract Finder
    • Contracts
    • FM Business Models
    • Interviews
    • Mergers & Acquisitions
    • Opinion
    • Procurement
    • Trends
  • Know-How
    • Explainers
    • Legal Updates
    • White Papers
  • Jobs
  • Topics
    • Workplace Services
      • Hospitality
      • Catering
      • Cleaning
      • Front of House
      • Grounds Maintenance
      • Helpdesk
      • Mailroom
      • Manned Guarding / Security
      • Pest Control
      • Washroom Services
      • Disaster Recovery
      • Specialist Services
    • Professional Performance
      • Behavioural Change
      • Continual Professional Development
      • Education
      • Management
      • Recruitment
      • Training
    • Workplace Performance
      • Benchmarking
      • Health & Wellbeing
      • Operational Readiness
      • Procurement
      • Security
      • Workplace User Experience
      • Workplace Culture
    • Compliance
      • Health & Safety
      • Risk & Business Continuity
      • Standards
      • Statutory Compliance
    • Building Services
      • Architecture & Construction
      • Asset Management
      • Building Controls
      • Building Fabric
      • Drinking Water
      • Fire Protection
      • HVAC
      • Landscaping
      • Mechanical & Electrical
      • Building Security
      • Water, Drainage & Plumbing
    • Technology
      • Building Information Modelling
      • CAFM
      • Data & Networks
      • Document Management
      • Information Management
      • Internet of Things (IoT)
      • Software & Systems
    • Energy management
      • Energy Management Systems
      • Electricity
      • Gas
      • Solar
      • Wind
    • Sustainability
      • Environmental Quality
      • Social Value
      • Waste Management
      • Recycling
    • Workspace Design
      • Agile Working
      • Fit-Out & Refurbishment
      • Inclusive Access
      • Lighting
      • Office Interiors
      • Signage
      • Space Planning
      • Storage
      • Vehicle Management / Parking
      • Washroom
    • Sectors
      • Corporate Office
      • Education
      • Healthcare
      • Manufacturing
      • International
      • Retail
      • Sports & Leisure
      • Regions
  • Buyers' Guide
Quick links:
  • Home
  • Sections
  • News
Sections
Topics

McAlpine "shocked" by Slate fraud

Open-access content Monday 23rd April 2007 — updated 12.32pm, Wednesday 6th May 2020
From the archive:  Just so you know, this article is more than 3 years old.

23 April 2007

Alfred McAlpine has announced the resignation of its finance director, Dominic Lavelle, following the "deliberate and systematic" fraud at its Slate subsidiary. The Slate managing director and operations director have also been subject to disciplinary procedures.

A major restructuring is now underway, which includes the closure of one quarry and 166 job cuts.

On 26 February, McAlpine announced that an investigation by its internal audit team had uncovered a systematic misrepresentation of production volumes and sales for a number of years by a large group of senior managers at Slate.

Following the discovery, an independent forensic investigation confirmed that the pre-selling of slate at vastly reduced prices and overstatement volume and sales resulted in a total sales and profit impact of £22.9 million. The investigation concluded that personal gain was not the underlying motivation for the fraud, although group chief executive Ian Grice, could not confirm what was. North Wales police are now investigating the case.

"The extent of the fraud and cover up within Slate has been a shock to us all and is most disappointing, but we have responded quickly and decisively. Our immediate priority for Slate is to return this business to profitability," said Grice. He would not say whether or not McAlpine would ultimately seek to sell the subsidiary, although he added that it was "not part of our core business".

Slate from the business is said to cover the roofs of the British Library, Buckingham Palace and the Welsh Assembly.

Announcing its interim results today, the group reported revenues up 5 per cent to £1,123 million, with each of its three core businesses delivering "strong performances" in 2006. It has secured three major new FM contracts, including its largest ever with Mapeley for the Inland Revenue, worth £800 million over its 15 year term.

Profits fell in 2006 to £17.6m from £27.6m the previous year.

You may also be interested in...

Teachers warm up for hot schools debate

The National Union of Teachers wants to cancel lessons if classrooms get too hot, meaning 27 C or more.

Monday 2nd April 2007
Open-access content

Rics reports property price slowdown

Buy-to-let activity fell in the first quarter of this year, a sign that property price growth is beginning to slow, according to a new report by Rics.

Wednesday 30th May 2007
Open-access content

Enterprise faces takeover bid

Shares in support services group Enterprise settled at 531 pence on Firday, up 4 pence, after reports that the board had accepted a takeover bid of 605 pence a share.

Monday 19th February 2007
Open-access content

Hotels to focus on Reit investment

Property and hotel developer Richard Balfour-Lynn is in discussions with Royal Bank of Scotland to start up a real estate investment trust (Reit) worth around £2 billion.

Monday 22nd January 2007
Open-access content

Weee must not threaten IT security

Businesses have been warned to not forget the security of their confidential information in the rush to comply with the Weee directive.

Friday 17th August 2007
Open-access content

Prodgers launches new venture

Lionel Prodgers, who last week announced that he is leaving Integrated fm, the firm he joined in January when it acquired Prodgers' firm Ark e-management, is to set up a new venture called agent4FM.

Wednesday 19th September 2007
Open-access content
Also filed in
News
Content
Topics
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

 

Latest Jobs

Interim Head of Health & Safety

Suffolk
£250.00 - £300.00 per day (premium day rate)
Reference
59637

Contracts & Senior Estates Project Manager

North West England
£29.53 per hour
Reference
59633

Facilities Manager

London (Central)
up to £43,000 + excellent benefits including car
Reference
59631
See all jobs »

 

 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to print

Sign up to receive our bi-monthly magazine

Subscribe
Facilitate magazine cover, June 2020
​
FOLLOW US
@Facilitate_Mag
Facilitate Magazine
Facilitate Magazine
CONTACT US
Contact us
Tel: 020 7880 6200
​

IWFM

About IWFM
Become a member
Qualifications
Events

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to Facilitate Magazine
Write for Facilitate Magazine

General

IWFM Jobs
Help

© 2023 • www.facilitatemagazine.com and Facilitate Magazine are published by Redactive Media Group. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ