Construction business

UK's largest construction businesses rise 9% in value

The value of construction businesses has soared over the past year, a new report has revealed.

A study of the UK’s 1,500 largest construction companies by business analysts Plimsoll has found that on average their value has risen by 9% in the last 12 months.

Further data showed that 339 of these companies had seen their value grow by 10% or more.

Commenting on the growth, David Pattison, Plimsoll’s lead author, said: “As a director, taking stock of your company value is a great barometer to measure your success and to analyse the overall state of the market.

“…Their financial performance adds to the belief that the overall market is continually improving.”

'It is still a challenging landscape'

However, despite this positive outlook, Plimsoll found that 121 companies had seen their value fall by more than one-third.

In September, housebuilder Berkeley Group Holdings was dropped from the FTSE 100 following a decline in share price after the EU referendum.

Meanwhile, hundreds of jobs were lost as a result of a number of construction companies entering administration in 2016.

David added: “…It is clear that, although the market is improving, it is still a challenging landscape.”

Leave a comment