Major family-owned construction firm to change hands after 57 years

Yahoo

25-06-2025

CARLISLE construction firm Cubby Construction is set to change hands after being under ownership of the Cubby family since its foundation in 1968.
Cubby Construction had worked on many of Carlisle's major infrastructure projects.
In late 2024, it emerged that Cubby had moved away from its contract on the Carlisle Southern Link Road project.
Director Tommy Cubby told the News & Star that financial issues with working on and subsequently leaving the project led to an agreement with investment and acquisition company Svella Plc.
He said that the damage to the Sands Centre roof, another Cubby project, during Storm Eowyn in early 2025 'compounded' the temporary woes.
Negotiations with Svella now seem to be nearing a conclusion after the company issued a statement.
A Svella Plc spokesperson said: "Svella Plc is pleased to confirm that, following agreement by all parties, it is targeting completion of the solvent acquisition of Cubby Construction Limited by the end of June.
"This development represents a highly positive outcome for customers, employees and suppliers alike.
"The acquisition will ensure continuity of operations for Cubby Construction and provide the investment necessary to support the long-term growth and success of the business."
It is understood Cubby employs more than 200 members of staff.