New companies win places on the contractor league table

According to the latest research by Babour ABI, six new companies have entered the top ten places on the Barbour ABI League Table of the top 50 performing construction companies in the UK.

This month on the league table it was the company Fluor Limited which claimed the number one spot after being awarded the £800M Fawley Refinery upgrade works project, with this being the only project needed to take them to the top.

Following on from Fluor Limited there then came Balfour Beatty who accrued a total monthly income of £343M, £457M behind first place, over a total number of five projects, although it cannot be said that they are as new to the higher places on the league table as a company like Fluor.

The company to claim third place on the table, however, is definitely not as accustomed to being at the higher end of the table as Balfour Beatty as this place was won by the company Fileturn Limited, who accumulated a total income of £291M after being appointed to the £270M London Hilton, Park Lane development and refurbishment project.

In fourth and fifth came Wates Construction Limited and ISG with £220M and £211M respectively and in sixth place was the contractor company McLaren Construction which gained a total income of £190M courtesy of the redevelopment of 101 Cleveland Street in Westminster.

In seventh place came the Costain Group which were awarded the £161M Preston Western New Road project whereas McAleer and Rushe managed to steal ninth place.

The Chief Economist at Barbour ABI & AMA Research, Tom Hall stated: “October’s Brexit uncertainty failed to dampen contract awards activity, which remained strong, increasing from September. The major projects were different from the usual mix, such as the Fawley Refinery upgrade project, giving specialist construction companies an opportunity to break into the Top 50 this month”.

If you would like to read more articles like this then please click here.

The post New companies win places on the contractor league table appeared first on UK Construction Online.