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Top 50 contractors league table hits lowest point since 2014 as activity slows

The contractor top 50 fell back sharply in June to post the lowest value of combined contract wins since December 2014.

 Top 10 contractors, June 2016
  Click here for the full top 50
  Contractor No Total (£m)
1 Brookfield Multiplex  1 200.0
2 Morgan Sindall  43 159.2
3 Willmott Dixon  14 65.0
4 Balfour Beatty 3 59.3
5 Galliford Try 8 57.1
6 Barnwood 2 56.5
7 McLaren 1 55.0
8 Robertson  5 46.3
9 Farrans 6 42.5
10 Carey  2 39.4

June’s figure of £1.45bn was 32.3 per cent down on the previous month’s £2.14bn and 25.6 per cent lower than the £2.25bn recorded a year earlier in June 2015, according to construction intelligence provider Glenigan.

December 2014 saw the top 50’s total wins hit £982m. However, contract awards in December are typically significantly below the monthly average due to the festive period.

If Decembers are excluded, June 2016 marked the lowest total since the £1.38bn posted nearly five years ago in August 2011.

The latest league tables come amid mounting concerns over slowing activity in the run-up to and aftermath of the EU referendum vote.

Last week the Markit / CIPS Construction PMI revealed that construction activity fell to its lowest level in seven years in June, with new work falling at its fastest rate since 2012.

Brookfield Multiplex came top of June’s contractor table thanks to a £200m deal on London’s Royal Albert Dock for client ABP.

The contractor will work on phase one of the £1.7bn mixed-use development in Newham, comprising approximately 700,000 sq ft of office and retail space. 

Morgan Sindall was second for the month with a £159m, 43-deal haul – an average contract value of £3.7m.

 Top 10 clients, June 2016 Top 10 clients 12 months to Jun 2016
  Click here for the full top 50     Click here for the full top 50
  Client No Total (£m)   Client No Total (£m)
1 ABP China  1 200.0   Department for Transport 43 4,363.6
2 Aberdeen City Council 2 50.7   Thames Water 8 1,539.1
3 Sandridge Solar Power 1 47.2   Greater London Authority 19 1,313.8
4 Lidl 7 38.6   Network Rail 77 1,124.8
5 Hounslow Borough Council 3 37.3   Department of Health 233 931.8
6 Test Valley Borough Council 1 36.9   Dept. Regional Development 11 477.3
7 Peel Holdings 3 35.8   Tottenham Hotspur 3 412.3
8 Environment Agency 3 34.5   Argent 8 401.3
9 St Michael’s Hotel & Spa 1 30.0   Department for Education 38 354.9
10 Merchant Place 1 27.5   Ministry of Defence 41 344.4

The £200m Royal Albert Dock deal for Brookfield Multiplex gave ABP top spot in the client league for June, but the stand-out entry was Lidl in fourth.

The discount supermarket has been steadily increasing its construction activity over the past 12 months and June marked its first entry into Glenigan’s monthly top 10 table, with a notable seven deals over the period.

Elsewhere local authority awards were prominent in June, with no fewer than three of the top 10 clients being councils.

The 12-month client league was relatively unchanged for the year to June, despite the declines seen in the monthly and annual contractor tables.

The Department for Transport edged further ahead up top, the DoH lost ground to Network Rail, and Argent’s haul dipped slightly to put it below Tottenham Hotspur.

The only other change in the top 10 saw the Ministry of Defence swap places with Prologis, while Lidl continued its climb up the annual table by gaining four places to sit 11th.

Multiplex and Morgan Sindall were the only two contractors to pass £100m in June, with Willmott Dixon a distant third having secured 14 jobs worth a combined £65m.

Elsewhere Barnwood took sixth place for the period after winning one of its largest deals to date: a £55m redevelopment at Baker’s Quay in Gloucester for joint clients Merchant Place and Rokeby.

The average contract value for June was £8m – down from £10.3m in May and £10.4m in the same month of 2015.

Looking at the contractor table fo the 12 months to June, Kier extended its lead over Galliford Try despite both firms seeing their rolling annual total of contracts decline.

Balfour Beatty moved up from fifth to fourth, having also taken back a place in the previous period.

 Top 10 contractors, 12 months to Jun 2016
  Click here for the full top 50
  Contractor No Total (£m)
1 Kier 214 2,064.0
2 Galliford Try 126 1,895.7
3 Bouygues UK 32 1,765.4
4 Balfour Beatty 55 1,743.7
5 Royal Bam 73 1,581.2
6 Carillion 43 1,546.9
7 Morgan Sindall  263 1,505.6
8 Wates 89 959.4
9 Costain  17 879.7
10 Mace 31 837.7

Meanwhile, Bam gained one spot to sit fifth, pushing Carillion down to sixth. Wates was up from 10th to eighth, with Farrans the big mover, climbing eight spots to take 15th place.

Skanska, however, fell 14 places from 16th to 30th after its share of the £300m A14 contract fell outside the rolling 12-month totals. Costain was the other major contractor on that deal, yet only dropped one place in the annual league due to declines elsewhere.

Combined wins among the top 50 contractors in the 12-month table fell significantly yet again, though not as sharply as the previous period.

The value of top 50 contracts for the year to June was down 4.2 per cent compared with the year to May to stand at £27.17bn, having fallen 15.1 per cent over the previous period.

This nevertheless marked the seventh consecutive fall in the value of the annual league.

 Top 10 engineering consultants June 2016 
  Click here for the full top 50  
  Engineering consultant No Total (£m)
1 Arup 3 156.9
2 Desco 2 80.0
3 Jackson Purdue Lever 1 55.0
4 Mott MacDonald 3 51.7
5 Ward Cole 2 30.8
6 Geo 1 30.0
7 MLM 3 27.1
8 WSP 3 23.6
9 Atkins 1 22.6
10 Church House 1 20.0

Arup’s fine form continued with first place in June – its fourth consecutive top three finish. Desco entered the table for the first time since February 2015, while Jackson Purdue Lever was a debut entry in third.





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