Financial results reported by three major firms today provide a good snapshot of the industry, as the list of those affected by problem jobs continues to grow.
Today’s set of results are essentially a microcosm of what the industry is seeing – major contractor Mace has upped its turnover to approach the £2bn mark, but problem contracts have almost halved its operating margin.
For slightly smaller contractors, it’s often been a rosier picture, with Buckingham posting record pre-tax profit and turnover after benefiting from the boom in industrial and civils work.
You might think with such a wide range of different results, with profits up as much as they’re down, the shape of the industry isn’t getting much clearer.
That’s where Construction News comes in – and you can help.
This year’s CN100, the definitive list of the top 100 contractors by turnover in the UK, is not far away, and promises to give an in-depth view of exactly how the industry’s finances are shaping up.
You can expect analysis of the top 100 contractors’ profit margins, how firms are coping with rising wage bills, who’s hiring, and which firms you should be looking out for over the coming year.
We will also be premiering a new, specialist contractor-focused format for part of this year’s CN100, covering the top ten contractors by turnover across seven key sectors – building envelope, concrete, demolition, ground engineering, M&E, steel, and scaffolding.
To make sure this year’s CN100 is better than ever, we’d love to hear from you – if you’re a specialist in any of the above sectors and you’ve seen your business grow this year, please get in touch for more information about this year’s report.
It promises to be the most comprehensive and interactive CN100 ever, so make sure you don’t miss out. You can catch up with last year’s CN100 here.
Also in the news
It’s not just contractors that have seen mixed results: consultant Sweett Group has posted a £19.1m loss and has warned that its future may be under threat if the proposed takeover by WSP Parsons Brinckerhoff doesn’t go ahead.
There have also been delays to the £120m Camden Lock Village development in north London after Network Rail halted works.
And don’t forget to check out our 6 diversity champions for some inspiring stories from in the industry.