Construction Market Data

Wed September 23 2020

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Top 100 Construction Companies 2020

As construction companies digest the implications of the Covid-19 pandemic, our latest study of the Top 100 UK construction firms shows that finances were weakening even before the outbreak began. Steve Menary reports

In their latest set of accounts, the total aggregate turnover recorded by the UK's Top 100 construction firms was £75.5bn. That's a 2.7% year-on-year increase. Overall, 70 of the Top 100 companies saw turnover increase in the past year, with revenue at the leading company, Balfour Beatty, nearly twice the size of second-placed Kier.

A year ago, only 66 of the Top 100 construction firms reported revenue growth, so this year's figures should be reassuring. But even before the pandemic struck, profitability was struggling.

Those same 100 companies generated profits before tax of £734m, which is down 38% on the figure for last year. Given that these accounts cover periods before the virus outbreak caused the construction industry to grind to a halt, this is a major concern.

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Latest Rank By Turnover Latest Rank By Profit Company Reporting Period Latest Turnover (£m) Previous Turnover (£m) Change (%) Latest Pre-tax Profit (£m) Previous Pre-tax Profit (£m) Change (%) Latest Margin Previous Margin
1 1 Balfour Beatty Plc Dec-19 8,405.0 7,802.0 7.7 138.0 123.0 12.2 -16.0 -7.4
2 99 Kier Group Plc Jun-19 4,479.4 4,512.8 -0.7 -244.9 106.2 -330.6 12.2 13.9
3 98 Interserve Plc Dec-18 3,225.7 3,666.9 -12.0 -111.3 -244.4 54.5 3.7 4.6
4 4 Morgan Sindall Group Plc Dec-19 3,071.0 2,972.0 3.3 88.6 80.6 9.9 -9.4 -4.6
5 3 Galliford Try Plc Jun-19 2,862.5 3,132.0 -8.6 104.7 143.7 -27.1 -3.5 -6.7
6 100 Amey UK Plc* Dec-18 2,667.8 2,581.3 3.4 -428.0 -189.8 -125.5 1.6 1.6
7 9 ISG Plc Dec-19 2,589.7 2,237.6 15.7 44.2 27.4 61.3 -0.6 2.7
8 6 Keller Group Plc Dec-19 2,300.5 2,224.5 3.4 51.6 8.4 514.3 -9.9 1.4
9 15 Tarmac Trading Ltd Dec-18 2,129.8 2,095.9 1.6 28.7 154.9 -81.5 0.3 0.3
10 12 Laing O'Rourke Plc Mar-19 1,932.3 1,841.6 4.9 32.7 -25.2 229.8 -0.4 1.4
11 10 Mace Ltd1 Dec-19 1,830.0 2,349.8 -22.1 41.0 32.8 24.9 -2.4 0.9
12 30 Skanska UK Plc* Dec-19 1,789.8 1,935.4 -7.5 14.3 44.1 -67.7 1.2 3.6
13 11 Wates Group Ltd Dec-19 1,634.4 1,601.0 2.1 34.6 34.4 0.4 -1.8 0.2
14 13 Willmott Dixon Holdings Ltd Dec-19 1,246.4 1,323.2 -5.8 29.2 35.5 -17.7 0.0 1.4
15 35 M Group Services Ltd Mar-19 1,174.3 1,027.8 14.3 13.2 -5.0 364.0 2.9 2.6
16 92 Costain Group Plc Dec-19 1,162.9 1,489.3 -21.9 -6.6 40.2 -116.4 1.7 1.2
17 2 Homeserve Plc Mar-20 1,132.3 1,003.6 12.8 137.9 139.5 -1.1 -5.5 2.4
18 5 Bowmer & Kirkland Ltd Aug-19 1,069.8 937.6 14.1 73.1 54.5 34.1 -12.5 -1.9
19 27 Multiplex Construction Europe Ltd2 Dec-18 1,064.9 1,155.4 -7.8 18.0 4.2 326.3 1.9 0.2
20 14 VolkerWessels UK Ltd Dec-18 984.0 870.4 13.1 29.0 23.6 23.0 0.1 -2.1
21 23 BAM Construct UK Ltd*3 Dec-18 949.8 953.0 -0.3 19.4 14.8 31.1 1.2 2.2
22 28 VINCI Plc Dec-19 909.2 873.3 4.1 17.1 13.8 23.2 2.5 4.8
23 19 Mears Group Plc* Dec-19 905.1 771.9 17.3 25.2 27.4 -7.9 0.9 2.5
24 87 Newarthill Ltd (Sir Robert McAlpine) Oct-18 870.5 942.5 -7.6 0.7 -20.2 103.3 2.9 2.7
25 94 J Murphy & Sons Ltd Dec-18 779.5 748.6 4.1 -12.9 12.4 -203.7 13.3 15.0
26 39 ENGIE Regeneration Ltd4 Dec-18 758.8 665.8 14.0 10.8 -72.7 114.8 2.6 2.9
27 17 BAM Nuttall Ltd Dec-18 749.9 668.8 12.1 26.3 7.8 237.4 0.3 -7.9
28 51 John Graham Holdings Ltd Mar-19 735.0 767.6 -4.3 8.2 13.1 -37.6 1.8 1.7
29 20 Robertson Group (Holdings) Ltd Mar-19 713.4 608.8 17.2 21.5 19.1 12.8 1.1 1.1
30 46 Lendlease Europe Holdings Ltd Jun-19 673.3 532.3 26.5 8.8 52.4 -83.2 4.3 1.3
31 77 McLaren Construction Group Plc Jul-19 650.9 585.6 11.1 3.3 3.7 -10.6 3.5 2.6
32 22 Winvic Group Ltd Jan-19 628.2 485.3 29.5 20.5 31.3 -34.6 0.9 0.1
33 16 Renew Holdings Plc Sep-19 600.6 541.5 10.9 27.0 14.7 83.3 0.5 9.1
34 83 Carey Group Plc Mar-19 575.3 510.5 12.7 1.6 18.7 -91.6 7.9 9.0
35 41 Keltbray Group (Holdings) Ltd Oct-19 563.4 399.2 41.1 10.5 17.8 -40.8 3.0 4.4
36 24 Eurovia UK Ltd5 Dec-19 557.2 501.4 11.1 19.2 13.2 46.0 0.5 0.6
37 29 NG Bailey Group Ltd Mar-19 555.7 481.0 15.5 16.1 19.6 -17.9 2.8 2.9
38 42 Buckingham Group Contracting Ltd Dec-19 485.7 507.0 -4.2 10.2 10.2 -0.4 4.2 4.9
39 50 ESSCI Ltd Dec-19 460.7 387.8 18.8 8.4 6.5 30.0 1.1 1.7
40 89 Bouygues (U.K.) Ltd Dec-18 451.9 597.0 -24.3 -1.7 8.6 -119.1 1.7 -1.4
41 70 John Sisk & Son Ltd Dec-19 417.9 323.2 29.3 5.0 3.2 57.6 4.2 2.5
42 57 NMCN Plc6 Dec-19 404.7 340.5 18.9 7.4 6.0 23.9 4.3 8.7
43 71 Geoffrey Osborne Ltd Mar-19 380.1 316.1 20.2 4.5 11.4 -60.9 0.8 2.3
44 8 Henry Boot Plc Dec-19 379.7 397.1 -4.4 49.1 48.6 1.0 -3.5 0.2
45 7 Watkin Jones Plc* Sep-19 374.8 363.1 3.2 49.7 54.3 -8.5 -1.7 1.7
46 56 Northstone (NI) Ltd Dec-18 374.5 375.2 -0.2 7.5 -0.2 3,351.1 2.7 2.4
47 84 Integral UK Ltd Dec-18 367.2 358.8 2.3 1.1 -28.2 104.0 3.5 1.2
48 97 Ferrovial Construction (UK) Ltd Dec-19 345.4 295.7 16.8 -32.3 -13.5 -140.1 2.9 2.7
49 33 McAleer & Rushe Contracts UK Ltd Dec-19 340.4 395.2 -13.9 13.7 16.8 -18.1 2.5 1.0
Latest Rank By Turnover Latest Rank By Profit Company Reporting Period Latest Turnover (£m) Previous Turnover (£m) Change (%) Latest Pre-tax Profit (£m) Previous Pre-tax Profit (£m) Change (%) Latest Margin Previous Margin
50 45 TClarke Plc Dec-19 334.6 326.8 2.4 9.0 7.8 15.4 2.0 -0.1
51 31 Emcor Group (UK) Plc Dec-19 331.3 319.9 3.6 14.0 8.1 72.0 1.2 1.0
52 18 Severfield Plc Mar-20 327.4 274.9 19.1 25.8 24.7 4.5 0.3 3.7
53 36 FM Conway Ltd Mar-20 325.7 317.4 2.6 12.7 3.6 247.6 2.8 -5.9
54 21 OHOB Holdings Ltd Mar-20 321.7 300.3 7.1 20.7 27.0 -23.1 1.1 2.9
55 67 SSE Contracting Ltd Mar-19 319.2 317.9 0.4 5.4 -6.3 185.7 8.2 11.1
56 25 Kone Plc Dec-19 314.3 300.0 4.7 18.9 6.6 188.1 1.3 0.8
57 52 M.V. Kelly Ltd May-19 307.9 269.1 14.4 8.2 11.1 -26.4 3.8 2.6
58 63 J.N. Bentley Ltd Dec-18 307.9 257.3 19.7 6.3 8.3 -24.1 3.6 4.5
59 38 Henry Construction Projects Ltd Jun-19 300.6 208.3 44.4 10.8 9.4 14.7 2.0 3.2
60 79 The Clancy Group Ltd Mar-20 292.7 309.0 -5.3 2.6 0.3 849.3 3.3 6.4
61 76 United Living Group Ltd Mar-19 275.0 240.1 14.5 3.5 1.9 80.5 6.0 2.2
62 62 Colas Ltd Dec-18 271.9 239.9 13.3 7.0 6.9 1.0 1.4 -10.9
63 61 McLaughlin & Harvey Ltd Dec-19 268.8 233.9 14.9 7.1 6.7 6.3 5.1 4.8
64 91 RG Carter Holdings Ltd Dec-18 265.6 243.3 9.2 -6.4 2.2 -385.6 2.2 1.4
65 26 FP McCann Group Ltd Dec-19 264.0 255.0 3.5 18.2 17.9 1.8 1.6 1.6
66 78 Briggs & Forrester (UK) Ltd Oct-19 262.2 222.4 17.9 3.2 5.0 -34.7 2.0 1.6
67 86 Midas Group Ltd Apr-19 259.3 267.4 -3.0 0.8 0.7 9.0 1.3 7.4
68 32 Mick George Limited Sep-19 255.2 158.3 61.2 13.9 8.1 71.7 3.4 3.9
69 64 Ogilvie Group Ltd Jun-19 254.4 237.6 7.1 5.7 5.8 -0.6 6.3 5.5
70 60 J Reddington Ltd Dec-18 245.8 239.8 2.5 7.3 10.6 -31.6 1.9 4.5
71 96 Otis Limited Nov-18 239.2 226.7 5.5 -30.0 -4.3 -591.8 6.8 5.8
72 58 SPIE Limited Dec-18 229.0 241.8 -5.3 7.4 -27.9 126.5 5.8 4.5
73 90 Higgins Group Plc Jul-19 227.5 332.2 -31.5 -4.0 0.6 -796.7 2.1 2.2
74 49 Forth Holdings Ltd Aug-19 221.8 260.0 -14.7 8.5 6.6 28.6 2.7 4.1
75 75 William Hare Group Ltd Dec-18 221.4 204.4 8.3 3.5 3.2 10.5 6.9 7.0
76 68 Sureserve Group Plc* Sep-19 212.1 190.8 11.2 5.3 1.9 174.4 4.0 4.2
77 44 Ardmore Construction Ltd Sep-19 209.8 257.1 -18.4 9.0 22.4 -59.7 1.8 1.8
78 93 Esh Holdings Ltd Dec-18 208.4 220.0 -5.3 -7.3 0.4 -1,957.0 12.9 12.2
79 40 Caddick Group Plc Aug-19 206.3 226.5 -8.9 10.6 10.9 -2.3 2.7 2.9
80 65 Byrne Group Limited Jun-19 202.8 138.7 46.2 5.7 -8.2 169.7 3.9 1.1
81 80 B W Interiors Ltd Dec-19 201.0 180.5 11.3 2.3 5.2 -56.4 6.4 9.0
82 74 RGCM Ltd Dec-18 199.3 196.1 1.6 3.8 0.4 954.9 1.7 0.4
83 66 TSL Ltd Jun-19 191.0 105.2 81.5 5.5 2.7 101.7 1.1 -0.5
84 53 Erith Holdings Ltd Sep-19 190.3 147.7 28.8 7.9 4.0 95.5 5.2 4.7
85 81 SDC Builders Ltd Sep-19 186.2 186.5 -0.1 2.0 2.0 -0.2 3.0 3.1
86 47 Michael Lonsdale Ltd Sep-19 184.2 175.1 5.2 8.7 7.1 23.5 4.9 4.8
87 85 Rydon Group Ltd Sep-19 179.8 227.2 -20.9 1.0 20.8 -95.4 4.5 2.7
88 55 Gilbert-Ash Ltd Dec-18 179.4 165.5 8.4 7.7 2.1 260.6 1.3 9.8
89 82 Seddon Group Ltd Dec-18 176.7 215.7 -18.1 1.6 5.3 -70.1 2.8 3.5
90 37 CCG (Scotland) Ltd Mar-19 173.5 140.1 23.9 10.9 7.7 40.5 2.3 2.4
91 59 Readie Construction Ltd Mar-19 172.8 136.9 26.3 7.3 6.7 7.9 2.1 2.0
92 73 Lindum Group Ltd Nov-19 170.6 163.8 4.1 4.2 7.8 -46.1 1.9 1.6
93 43 Eric Wright Group Ltd Dec-18 170.4 159.1 7.1 10.0 7.2 37.9 3.2 -11.5
94 34 Tide Construction Ltd Aug-19 166.9 93.3 78.8 13.7 10.4 31.7 1.7 -2.0
95 48 Axis Europe Plc Mar-19 165.7 132.8 24.8 8.7 6.2 39.8 4.2 2.7
96 88 Stepnell Ltd Mar-19 164.4 143.3 14.7 0.1 2.1 -97.6 2.3 2.7
97 95 Barhale Limited Jun-19 161.0 179.4 -10.3 -15.9 2.5 -729.6 2.2 0.4
98 72 EW Beard Ltd Dec-19 158.5 149.8 5.8 4.5 4.4 1.1 2.9 4.1
99 54 Durkan Holdings Ltd Nov-19 158.4 164.9 -3.9 7.8 7.9 -1.1 4.7 4.0
100 69 One Group Construction Ltd Dec-18 157.1 162.6 -3.4 5.3 6.4 -17.2 5.5 5.1
TOTALS 75,502.0 73,515.9 2.7 734.2 1,190.2 -38.3 2.1 2.5

Latest accounts available at Companies House on July 30 2020

*Continuing operations only.
1 Figures are indicative only and subject to review.
2 Net profit.
3 2017 results restated.
4 15 months to Dec 2018 compared to 18 months to Sept 2017
5 Profit from continuing operations only.
6 2018 results restated.