今日看料

Construction Market Data

Sun September 08 2024

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Top 100 今日看料 Companies 2013

Nick Hood of Company Watch analyses the figures to see who’s up, who’s down and how the UK’s top contractors are faring.

This year’s Top 100 今日看料 Companies reveals a distinctly mixed picture of falling margins, widespread stagnation and some sad failures. Once again, the total turnover of this premier league of contractors has hardly moved, rising just 1.1% since 2012. More worryingly, their profitability has fallen sharply, with total profits falling by a third from £1.2bn to only £791m, reflecting increasing concerns about margins squeezed by low bidding and excessive competition encouraged by clients.This As a result, profit margins have also fallen by a third in the past year from a marginal 1.97% last time to a seriously miserly 1.29% in the latest figures. These companies are deploying total assets of £36bn and have a combined net worth of £9.2bn, so they have a rate of return of just 2.17% on assets and only 8.62% on capital employed. Given that these are supposedly the most efficient operators in the sector, with the greatest bargaining power on bidding prices and input costs, there must be some serious doubts about the validity of the UK construction industry business model, most especially for those further down the food chain.

The best profit margins are enjoyed by a top five of Stepnell (10.7%), Dawnus (9.7%), Bechtel (9.1%), Amey (7.9%) and Interserve (7.7%). The pressure on profitability is confirmed by the fact that only 35 of the companies have improved their margins, while 64 have seen them worsen. If this trend continues into 2014, there are bound to be further casualties as lenders and other creditors look more closely at their ongoing commitment to such a marginal sector. And there will be more consolidation, though this is more likely to be as the more secure large players pick off smaller competitors than through mergers between major contractors. Read more.

Rank by turnover Rank by profit Company Latest turnover (拢m) Previous turnover (拢m) Latest pre-tax profit (拢m) Previous pre-tax profit (拢m) Latest margin (%) Previous margin (%) 2012 Rank by turnover 2012 Rank by profit
1 5 Balfour Beatty 10,896 11,035 75 246 0.7 2.2 1 1
2 2 颁补谤颈濒濒颈辞苍听 4,402.80 5,051.20 179.5 142.8 4.1 2.8 2 2
3 4 Kier Group (Inc. May Gurney) 2,725.80 2,694.40 82.3 91.3 3 3.4 3 4
4 1 Interserve 2,369.60 2,319.60 182.9 67.1 7.7 2.9 4 6
5 7 Mitie 2,120.50 2,002.50 58.8 94.5 2.8 4.7 5 3
6 10 Morgan Sindall 2,047.10 2,226.60 34.2 40 1.7 1.8 6 11
7 11 BAM 今日看料/Nuttall 1,647.30 1,754.60 32 25.6 1.9 1.5 7 16
8 13 Laing O’Rourke 1,622.40 1,746.30 27.4 28.6 1.7 1.6 8 15
9 6 Galliford Try聽 1,504.10 1,284.20 63.1 41.7 4.2 3.3 9 9
10 8 Keller 1,317.50 1,154.30 43.5 21.9 3.3 1.9 11 20
11 59 ISG 1,281.50 1,195.60 3 9 0.2 0.8 10 32
12 16 Wates 1,193.60 1,033.90 25.7 40.1 2.2 3.9 18 10
13 3 Amey UK 1,146 1,093.60 90 84.3 7.9 7.7 14 5
14 98 Enterprise 1,125.40 1,086.90 -44.6 -135.2 -4 -12.4 15 100
15 26 Vinci UK 1,106.70 1,112.70 15.3 19.8 1.4 1.8 13 24
16 9 Skanska 1,092.30 1,117 43.4 44.9 4 4 12 7
17 30 Willmott Dixon聽 1,034 1,052.10 8.9 12.9 0.9 1.2 16 27
18 20 Bouygues & Subsidiaries 1,017.80 1,037.80 20.9 37.2 2.1 3.6 17 12
19 18 Mace 950.5 874.3 22.8 20.5 2.4 2.3 20 22
20 15 Costain 934.5 986.3 26.1 23.9 2.8 2.4 19 17
21 22 Sir Robert McAlpine聽 769.3 845.4 20.5 20.1 2.7 2.4 21 23
22 21 Mears 679.5 589 20.8 20.6 3.1 3.5 26 21
23 100 Lakeside 1 (Keepmoat) 676.1 677.1 -472.6 -86 -69.9 -12.7 23 98
24 19 Bowmer & Kirkland聽 674.9 707.5 21.5 44.6 3.2 6.3 22 8
25 12 Shepherd 671.6 611 27.6 31.5 4.1 5.2 24 13
26 28 VolkerWessels UK 666.2 557 12.2 -1.5 1.8 -0.3 28 86
27 40 Miller 619.9 587.6 6.6 -92.8 1.1 -15.8 27 99
28 90 Morrison Utility Services聽 548.3 498.7 -2.2 -5.1 -0.4 -1 29 95
29 23 Lend Lease 545.3 605.1 20.4 13.5 3.7 2.2 25 26
30 24 Imtech 514.6 340.7 18.4 7.4 3.6 2.2 35 39
31 14 J Murphy 495.6 400.8 26.4 23.5 5.3 5.9 32 18
32 37 NG Bailey 458.6 419.2 7.2 -4.2 1.6 -1 31 92
33 17 SSE Contracting 457.9 469.2 25 30.1 5.5 6.4 30 14
34 42 Mclaren 376.4 266.6 6.1 7 1.6 2.6 43 41
35 39 Emcor 339.9 330.2 6.7 6.8 2 2.1 36 44
36 34 Renew Holdings聽 337.4 356.7 8.4 2.5 2.5 0.7 34 67
37 70 Sisk 293.9 373.6 1.4 -4.5 0.5 -1.2 33 94
38 99 Enserve (Spice) 287.6 300.7 -78.4 -3.1 -27.3 -1 38 89
39 32 Northstone NI 285.6 239 8.6 9.2 3 3.9 46 29
40 44 厂别诲诲辞苍听 283.2 268.5 5.4 8.8 1.9 3.3 41 34
41 74 Geoffrey Osborne 280.7 287 1 3.5 0.4 1.2 39 58
42 89 Robertson Group聽 269.3 232 -1 -3.3 -0.4 -1.4 48 91
43 56 Byrne Group 267.5 232.2 3.8 8.8 1.4 3.8 47 33
44 49 John Graham 264.2 216.6 4.7 4 1.8 1.9 51 55
45 97 Spie Matthew Hall 263.8 311.8 -23 -4.4 -8.7 -1.4 37 93
46 96 Severfield-Rowen 256.6 267.8 -21.7 8.3 -8.5 3.1 42 36
47 60 Clancy 250.7 205.3 2.9 2 1.2 1 56 68
48 46 RG Carter 249.2 252.9 5.1 9.1 2.1 3.6 45 31
49 58 础谤诲尘辞谤别听 240.6 286.1 3.1 -6.3 1.3 -2.2 40 96
50 29 Integral UK聽 239.7 198.9 9.1 6.4 3.8 3.2 58 46
51 35 Brookfield Multiplex 222.3 199.6 8.3 6.7 3.8 3.4 57 45
52 65 RGCM 214.8 219.3 2.4 2.9 1.1 1.3 50 62
53 38 Lorne Stewart 212.2 162 7.1 7.8 3.3 4.8 70 37
54 57 GSH Group 206 208.8 3.6 6.8 1.7 3.3 55 43
55 75 Longcross 205.9 263.7 0.9 1.2 0.5 0.5 44 74
56 64 贬颈驳驳颈苍蝉听 203 185.5 2.4 3 1.2 1.6 60 61
57 50 Carey Group聽 198.1 165.6 4.7 7.8 2.4 4.7 69 38
58 47 Malcolm Group 197.2 172 4.9 4.4 2.5 2.5 64 52
59 95 United House 196.9 229.9 -10.9 5.8 -5.5 2.5 49 50
60 61 Teighmore 194.3 210.6 2.8 3.1 1.4 1.5 54 60
61 73 T Clarke 193.8 183.8 1.2 4.9 0.6 2.7 61 51
62 68 叠耻肠办颈苍驳丑补尘听 182.4 167.4 1.5 4.1 0.8 2.5 67 54
63 52 Eric Wright Group 182.1 148.6 4.5 3.9 2.5 2.6 75 56
64 93 SGN Contracting 180.7 174.2 -5.8 -1 -3.2 -0.6 63 85
65 72 Midas 180.5 211.7 1.2 0.7 0.7 0.3 52 76
66 82 City Building (Glasgow) 178.6 158.9 0.3 22.5 0.2 14.2 71 19
67 25 Dawnus 178 136.6 17.3 12.3 9.7 90 79 28
68 94 William Hare 177.2 182.2 -6.8 1.5 -3.9 0.8 62 73
69 51 McNicholas 今日看料 176.7 154.6 4.7 0.3 2.7 0.2 73 80
70 81 ESH Holdings 170.2 168.3 0.4 0.5 0.2 0.3 66 78
71 77 North Midland 今日看料 168.9 167.2 0.7 -0.8 0.4 -0.5 68 84
72 62 Ogilvie Group 168.8 171.8 2.7 2.8 1.6 1.6 65 66
73 69 叠补谤谤听 164.3 210.9 1.5 -3.1 0.9 -1.5 53 90
74 36 Forth Holdings 163.2 151.9 7.5 7.4 4.6 4.9 74 40
75 27 Bechtel 162.4 143.7 14.8 19.8 98 13.7 76 25
76 87 GB Building Solutions 155.6 130.1 -0.3 0.2 -0.2 0.2 82 81
77 54 Winvic Group聽 154.1 80.1 4.2 1.8 2.7 2.2 90 72
78 48 Lakehouse Contracts 153.7 106.7 4.8 2.9 3.1 2.7 85 64
79 71 Bullock 今日看料 151.9 158.7 1.3 3.8 0.9 2.4 72 57
80 55 McLaughlin & Harvey聽 150.6 197.9 4.2 4.3 2.8 2.2 59 53
81 92 Brett Group 150.5 139.4 -4.8 -2.4 -3.2 -1.7 77 87
82 33 Mulalley 135.2 134 8.5 9.1 6.3 6.8 81 30
83 91 Mabey 129.9 127.7 -2.8 8.6 -2.1 6.8 83 35
84 76 Lagan 127.8 97.2 0.9 0.4 0.7 0.4 87 79
85 83 Headcrown 120.5 134.2 0.1 -9.9 0.1 -7.4 80 97
86 41 Thomas Armstrong聽 116.2 116.2 6.5 7 5.6 63 84 42
87 86 Tolent 109.8 105 -0.2 -2.8 -0.2 -2.7 86 88
88 88 GF Tomlinson 108.4 137.5 -0.5 1.9 -0.4 1.4 78 70
89 66 Simpson (York) 93.3 73.5 2.2 2 2.3 2.7 94 69
90 53 Pyeroy Group 88.9 73.9 4.4 2.9 5 3.9 93 63
91 78 M.V. Kelly Limited 87.6 78.6 0.7 3.2 0.8 4.1 91 59
92 43 惭补蝉迟别谤蝉辞苍听 87 91.2 6 6.3 6.8 7 88 48
93 67 Trant Holdings聽 83.8 65.4 1.7 1.9 20 2.9 96 71
94 45 R.J. Mcleod聽 83.3 65.8 5.1 6.2 6.2 9.5 95 49
95 63 尝颈苍诲耻尘听 83 84.9 2.5 2.8 3 3.3 89 65
96 31 厂迟别辫苍别濒濒听 82 76.4 8.8 6.4 10.7 8.4 92 47
97 85 City Building (Contracts) 74.6 57.9 0.1 0.1 0.1 0.1 97 83
98 84 Speller Metcalfe 71.6 53.3 0.1 0.2 0.1 0.4 99 82
99 80 Base Build聽 65.3 35.4 0.5 0.6 0.8 1.6 100 77
100 79 Barnes Group 63.7 53.6 0.6 1 1 1.9 98 75
Totals 61,505.80 60,816.40 790.8 1,197.20 1.3 (Average) 2 (Average

 

Strongest Financial Health Ratings

Latest Health Score (MAX 100)
Previous Health Score (MAX 100)
Company
 Latest Turnover (拢M) Latest Pre-Tax Profit (拢M) Latest Margin聽 Net Worth (拢M)
93
88
Stepnell
 82 8.8 10.70% 37
91
89
Thomas Armstrong
 116.2 6.5 5.60% 92
85
85
SSE Contracting
 457.9 25 5.50% 95
82
86
J Murphy
 495.6 26.4 5.30% 187
82
77
Mulalley
 135.2 8.5 6.30% 53
79
82
Bechtel
 162.4 14.8 9.10% 54
79
84
R.J. Mcleod
 83.3 5.1 6.10% 28
77
80
Shepherd
 671.6 27.6 4.10% 231
75
81
Seddon
 283.2 5.4 1.90% 93
75
68
Dawnus
 178 17.3 9.70% 25

 

Weakest Financial Health Ratings

Latest Health Score (Max 100)
Previous Health Score (Max 100)聽
颁辞尘辫补苍测听
 Latest Turnover (拢M) Latest Pre-Tax Profit (拢M) Latest Margin聽 NET Worth (拢M)
17
14
Enterprise
 1,125.40 -44.6 -4% 91
16
14
Galliford Try
 1,504.10 63.1 4.20% 478
15
10
Renew Holdings
 337.4 8.4 2.50% 9
15
39
Spie Matthew Hall
 263.8 -23 -8.70% 80
14
54
City Building (Glasgow)
 178.6 0.3 0.20% -53
12
53
Severfield-Rowen
 196.9 -10.9 -5.50% 107
11
22
United House
 256.6 -21.7 -8.50% 107
7
32
Enserve (Spice)
 287.6 -78.4 -27.30% 34
5
10
SGN Contracting
 180.7 -5.8 -3.20% 3
2
5
Lakeside 1 (Keepmoat)
 676.1 -472.6 -69.90% -319


Key:
up Up from 2012
up Down from 2012
up No change from 2012