M&A

This year’s index sees a welcome expansion in turnover and profit for the 10 largest ground engineering firms – but postponed projects look set to send the sector’s next round of results in reverse. Across the board, turnover increased by 26 per cent to £1.09bn while average pre-tax profit margin…

In the first-ever CN fit-out index, Morgan Sindall subsidiary Overbury leads the pack with turnover of £1.01bn for the year to 30 March 2024, marking a 15 per cent year-on-year increase. Its revenue surge generated a pre-tax profit of £71.2m and a pre-tax margin of 7.1 per cent – healthy…

When glazer Alucraft Systems filed for administration in April, a company statement cited “an extremely challenging trading environment”. Then in August, Skonto Plan UK went into administration too. With a £50m turnover in its latest accounts, it would have appeared in this year’s top 10. These two firms are far…

The UK’s largest demolition contractors cemented their post-pandemic comeback in the past financial year, with overall turnover and profit showing robust growth. Total turnover among the top 10 firms increased by 14 per cent, while pre-tax profit soared from £37.2m to £56.4m - a 51 per cent increase. Erith, which…

The UK’s top 10 concrete contractors by revenue saw their total turnover increase  by 7 per cent to £1.96bn in their latest accounts compared with their previous year’s filings. Meanwhile, total pre-tax profit leapt almost sixfold to £84.5m. J Reddington topped the revenue leaderboard with £396m. Despite its bumper turnover,…

Despite the economic headwinds affecting the industry, total turnover and profit rose in most sectors last year. But is it too soon to celebrate? Given the troubles afflicting the construction supply chain in recent years, the latest CN Specialists Index makes for relatively cheerful reading. Total turnover rose in five…

Construction News’ analysis shows that some executives have seen their pay packages fall while others are celebrating heights never seen before The median pay for a chief executive at a FTSE 100 company reached £4.19m in 2023, the highest level on record, according to the High Pay Centre (HPC).. The…

Sinead Cuthill is an associate and Dan Coppel is a partner at Faegre Drinker Biddle & Reath Merger and acquisition activity in the UK construction sector has declined from its peak in 2022, frustrating would-be buyers and sellers, as well as the bankers, brokers, lawyers and accountants who service the…

Andre Redinger has a lot to say. Via a video call, he speaks to Construction News from his South African homeland less than 24 hours after ISG, the company he spent six months trying to buy, announced it was filing for administration. The previous evening, ISG chief executive Zoe Price…

Rising turnover and slumping profit characterise the CN100 2024 index of top UK contractors, but the outlook remains broadly positive There is a saying among economists that “if you torture the data long enough, it will confess”. At Construction News we like to think that our interrogation techniques reveal the…