- Building Boardroom
- More navigation items
A look at the big contractors, where performances in line with expectations and balance sheet strengths rising are good reasons to be cheerful
“I am stunned at how well firms have done.” That is the frank assessment of analyst Stephen Rawlinson on the performance of the UK’s quoted contractors this year.
There has been one notable listed casualty in 2021: civil engineering specialist NMCN, which collapsed into administration in October and left unsecured creditors out of pocket by more than £60m. But others have fared better, completing equity raises to strengthen creaking balance sheets – notably Kier and Costain, which have both sealed deals since the pandemic struck last spring. “Not easy,” Rawlinson from Applied Value adds.
You are not currently logged in. Building Boardroom Members may LOGIN here.
to read this report now, plus have unlimited access to:
For Building subscribers only: If you’re interested in a preview of the Boardroom, log in to your Building account here to gain access to one complimentary report of your choice.
Already a Boardroom member? Log in here.