Business barometer — Morgan Sindall takes top spot thanks to wins at affordable housing arm
This time last year Kier topped the league table with 58 new contracts worth £375m. That was July 2007 and a month before the words “credit crunch” became part of our everyday vocabulary.
A year later, Morgan Sindall heads the leader board with 34 contracts worth £163m. The fact that it won less than half the value of Kier’s contracts did is not a great portent one year into the downturn.
Overall, the top 30 companies won 328 contracts worth £1.7bn in July, compared with 409 deals worth £2.2bn last year.
Morgan Sindall’s big wins give a clue as to which areas of the economy are still holding up. The first was a £60m deal won by its Lovell arm to repair and maintain 16,700 homes for Haringey council in London. The other was a similar £15.7m deal in Liverpool.
As with June, the social housing sector dominated the top of the leader board last month, accounting for 57% of the work won by the top four companies.
In second spot was Lakehouse Contracts with eight deals worth £153m. A social housing repair and maintenance deal for the London borough of Camden accounted for £150m of the haul.
In third spot was HBG, which did well given that it did not win any social housing work. It bagged a £40m commercial deal in central London and a £18.5m education contract for the Quaerere academy in Birmingham.
Rok finished in fourth position with a total haul of £121m. Of that, £87m was social housing work. Its wins included a £30m deal for Home Group Central in the Midlands and a £25m contract in Cornwall.
In fifth place was Willmott Dixon with £115m of new work, which included a £30m deal for a theatre in Aylesbury, Buckinghamshire, and a £25m sports complex for the University of Surrey.
In the rolling 12-month table, Laing O’Rourke narrowed Balfour Beatty’s lead at the top from £323m to £208m and HBG leapfrogged Kier to take third place.
- Other, Size 0 kb
This information is compiled for Building by Barbour ABI. Call 0151-3533 500, email Info@ABIBuildingData.com or see www.barbour-abi.com
Barbour ABI’s figures include UK contracts with a value of £100,000 or above, and all work awarded by negotiation or competitive tender, including residential and civils work, unless stated otherwise.
For more rankings of UK contractors and consultants log on to www.building.co.uk/leaguetables