M&A

Construction News research reveals a 30 per cent hike in the average annual package for the 20 best-paid contractor plc executives Amid the continuing cost-of-living crisis, executive pay remains a contentious issue for the general public. In August, the High Pay Centre (HPC) revealed in its annual survey that average…

Mark Collins is executive director at Bentley Project Management With a general election coming in the next year or so, and the third round of levelling-up funding on the horizon, it’s crunch time for a host of major regeneration projects looking to squeeze the last remaining funds from the current…

The combined revenue figure from our seven specialisms is promising. But the mood darkens when you look at profits and margins The latest annual Construction News Specialists Index depicts a strong overall revenue performance from the top 10 contractors in seven sectors: concrete, demolition, envelope, ground engineering, mechanical and electrical…

By Keith Cooper All bar two of the leading steel specialists saw their revenues surge in their latest annual accounts, amid a continuing recovery from Covid-19 and material-cost inflation. However, pre-tax profit margins for this year’s top 10 were static at 4.1 per cent. Big turnover boosts were recorded by…

By Keith Cooper This year’s index shows that inflationary pressures squeezed scaffolding firms’ revenues, profits and margins. The median pre-tax margin for the top 10 scaffolding specialists has fallen to 5 per cent against 6.7 per cent for the firms listed in the 2022 index. However, the top 10 firms…

Demand for electric-vehicle charging, renewable energy connections, grid upgrades and electric heating schemes are all providing a healthy pipeline of work for mechanical and electrical (M&E) specialists. Aggregate revenue among the largest 10 firms in the sector has risen by 13 per cent, from £2.68bn to £3.04bn, in this year’s…

The 10 biggest ground engineering (GE) firms recorded the second-lowest combined turnover of any specialism in this year’s index, although there were still sizeable increases in turnover and pre-tax profit since the previous year. Total revenue has shot up by 29 per cent compared with the previous year’s table, while…

A new company sits atop the envelope contractor table for the first time since 2018. London-based Stanmore’s sharp revenue growth, from £96.1m to £142.9m, sees it overtake Permasteelisa, which itself achieved a 12 per cent turnover rise. Stanmore’s accounts attribute its rapid growth to a relaxation of Covid restrictions, the…

The UK’s 10 largest demolition firms bounced back from the impact of the pandemic. Following a 5 per cent drop in turnover in the 2021 Specialists Index and a flat performance last year, the sector’s big names posted a combined 11 per cent hike this year. National Federation of Demolition…

By Keith Cooper The leading concrete specialists improved their aggregate financial performance, although inflation hit profits and margins. Three of the top 10 firms posted losses, in contrast with the previous year, which saw only one firm in the red. Third-placed PJ Carey’s £48.1m deficit was the biggest by far,…