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Contractors are tightening their belts by reducing dividend payments and hoarding cash as the UK’s biggest construction players seek to avoid becoming the next Carillion. Here, finance editor David Price explains the financial health of the UK construction industry.
Kier has topped the monthly contract wins table for the fourth time this year thanks to several major wins.
In the recent Begbies Traynor Q3 Red Flag Alert report, it was heartening to see the construction sector show signs of regaining a degree of stability.
The monthly top 50 contractors league passed the £4bn mark for only the second time this year as Sir Robert McAlpine scooped a first win in 17 months.