Industry News

Cheesegrater bolt replacements to cost GB£6 million
 20 July 2015

Severfield PLC, the structural steel contractor for the Leadenhall Building project, has included a GB£6 million non-underlying cost in its annual accounts to cover the replacement of all bolts at risk of failure at the iconic building.




In its report for the financial year to 31st March 2015 the company says the remedial programme at the Leadenhall Building in the City of London is expected to take until the end of 2015 to complete. Bolt replacement had already cost GB£1 million during the financial year. The replacement programme follows an investigation by Laing O’Rourke, which identified that three bolts had failed as a result of hydrogen embrittlement. Remaining suspect bolts were ‘tethered’ to prevent debris falling in the event of further failures.
Severfield also noted that: “The liability of the Group and the other parties for the programme costs has not yet been determined.”

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