Each year, the construction index details the top 100 companies in the UK, ranking them based on their latest turnover. The results are usually presented in September, with this year being no exception. Although we could go through all 100, we believe it would be more beneficial for you to see the top 10 in a little more detail.
Altogether, this year’s Top 100 construction companies turned over £74.5bn in their latest accounts – up by 12.6% on the previous financial year – but profitability surged at a far higher rate as companies emerged from the worst effects of the Covid-19 pandemic.
Those same 100 companies virtually doubled their aggregate pre-tax profits to just over £2bn according to the latest available accounts at Companies House as of July 31st, 2023.
Okay, let’s get into the top ten:
Number 10: Laing O’Rourke
Moving up from rank 11 to rank 10. Latest turnover of £1.81 billion, previous turnover of £1.64 billion, turnover increase of 10.3 percent. Latest pre-tax profit of £16.2 million, previous pre-tax profit of £4.9 million.
Number 9: M Group Services
Moving up from rank 10 to rank 9. Latest turnover of £1.86 billion, previous turnover of £1.55 billion, turnover increase of 20.7 percent. Latest pre-tax profit of £1.3 million, previous pre-tax profit of £31.3 million.
Number 8: Mace Group
Maintaining the number 8 spot. Latest turnover of £1.94 billion, previous turnover of £1.73 billion, turnover increase of 10.1 percent. Latest pre-tax profit of £36.5 million, previous pre-tax profit of £38.3 million.
Number 7: Tarmac Trading Limited
Maintaining the number 7 spot. Latest turnover of £2.14 billion, previous turnover of £1.83 billion, turnover increase of 16.8 percent. Latest pre-tax profit of £263.1 million, previous pre-tax profit of minus £129.8 million.
Number 6: ISG
Moving down from rank 5 to 6. Latest turnover of £2.19 billion, previous turnover of £2.26 billion, turnover decrease of minus 3.5 percent. Latest pre-tax profit of £11.5 million, previous pre-tax profit of £18.5 million.
Number 5: Amey UK
Moving from rank 4 to rank 5. Latest turnover of £2.33 billion, previous turnover of £2.07 billion, turnover increase of 12.2 percent. Latest pre-tax profit of £82 million, previous pre-tax profit of minus £10.6 million.
Number 4: Keller Group
Moving from rank 6 to rank 4. Latest turnover of £3 billion, previous turnover of £2.22 billion, turnover increase of 34.7 percent. Latest pre-tax profit of £34.7 million, previous pre-tax profit of £67.5 million.
Number 3: Kier Group
Dropping from rank 2 to rank 3. Latest turnover of £3.14 billion, previous turnover of £3.26 billion, turnover decrease of 3.6 percent. Latest pre-tax profit of £15.9 million, previous pre-tax profit of £5.6 million.
Number 2: Morgan Sindall
Moving up from rank 3 to rank 2. Latest turnover of £3.61 billion, previous turnover of £3.21 billion, with a turnover increase of 15.9 percent. Latest pre-tax profit of £85.3 million, previous pre-tax profit of £126.2 million.
And finally,
Number 1: Balfour Beatty PLC
Retaining their top position. Latest turnover of £7.63 billion, previous turnover of £7.16 billion, turnover increase of 6.2 percent. Latest pre-tax profit of £287 million, previous pre-tax profit of £87 million.
The only company to leave the top 10 this year from last is Wates Group. They have also had a pretty successful year with a turnover of £1.79 billion in comparison to £1.52b last year, an increase of 17.4%. Latest pre-tax profit of 31.5 million, previously at 31.2 million.
