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Construction under the microscope

Nine of the 10 most searched for companies operate in the construction industry

Creditsafe reveals that nine of the 10 most searched for companies in 2013 operate in the construction industry. Topping the list was Farnrise Construction Limited, a growing construction firm headquartered in Gatwick, closely followed by Daniel Contractors Ltd and Mansell Construction Services Ltd. The construction industry is undergoing a minor resurgence in the UK with Eurostat, the statistical office of the European Union, estimating annual growth of 5.1%.

A further sign the construction industry is picking up is evidenced by the fact that none of the most searched construction industry firms in 2013 had entered administration in the previous 12 months. In 2012, 57% of the top 10 most searched for construction companies had been declared insolvent.

Top 10 most searched for companies in 2013 and 2012 comparison

Rank Company Name Change
1. Farnrise Construction Limited New Entry
2. Daniel Contractors Limited New Entry
3. Mansell Construction Limited New Entry
4. Jewson Limited New Entry
5. Morgan Sindall Plc +4 Places
6. Travis Perkins Plc -3 Places
7. Tesco Plc -5 Places
8. Edmondson Electrical Limited No Change
9. Kier MG Limited New Entry
10. Grafton Merchanting GB Limited New Entry

Chris Robertson, Managing Director at Creditsafe UK, said: “While the construction industry in the UK appears to be undergoing a minor revival, across Europe construction output remains well off its 2007 peak and concerns about the viability of operators remains. That the overwhelming majority of the most searched companies operate in the construction industry reinforces the nervousness many firms have about the long term financial health of the sector. With major infrastructure projects in the UK including HS2 and an expansion of runway capacity yet to come to fruition, growth will have to be driven by investment from the private sector.”

Tesco was the only company outside the construction sector to break into the top 10 rankings at number seven. Tesco’s difficulties in the last year, with a 1.5% fall in third quarter like-for-like sales, has led to people researching its creditworthiness more regularly. In three years Tesco’s share price has fallen as the overall value of the FTSE has risen, marking it as a poor market performer.

Suppliers, contractors and industry analysts are increasingly checking Tesco’s financial position following well documented difficulties with disappointing ventures in the United States and Asia.

Robertson continued: “Utilising company credit reports is an effective mechanism to identify the financial health of any firm prior to trading with them. Business intelligence solutions can provide an accurate picture of a firm’s payment behaviours and the likelihood of that company becoming insolvent, enabling those using these services to make informed decisions.”

Creditsafe reveals that nine of the 10 most searched for companies in 2013 operate in the construction industry. Topping the list was Farnrise Construction Limited, a growing construction firm headquartered in Gatwick, closely followed by Daniel Contractors Ltd and Mansell Construction Services Ltd. The construction industry is undergoing a minor resurgence in the UK with Eurostat, the statistical office of the European Union, estimating annual growth of 5.1%.

A further sign the construction industry is picking up is evidenced by the fact that none of the most searched construction industry firms in 2013 had entered administration in the previous 12 months. In 2012, 57% of the top 10 most searched for construction companies had been declared insolvent.

Top 10 most searched for companies in 2013 and 2012 comparison

Rank Company Name Change
1. Farnrise Construction Limited New Entry
2. Daniel Contractors Limited New Entry
3. Mansell Construction Limited New Entry
4. Jewson Limited New Entry
5. Morgan Sindall Plc +4 Places
6. Travis Perkins Plc -3 Places
7. Tesco Plc -5 Places
8. Edmondson Electrical Limited No Change
9. Kier MG Limited New Entry
10. Grafton Merchanting GB Limited New Entry

Chris Robertson, Managing Director at Creditsafe UK, said: “While the construction industry in the UK appears to be undergoing a minor revival, across Europe construction output remains well off its 2007 peak and concerns about the viability of operators remains. That the overwhelming majority of the most searched companies operate in the construction industry reinforces the nervousness many firms have about the long term financial health of the sector. With major infrastructure projects in the UK including HS2 and an expansion of runway capacity yet to come to fruition, growth will have to be driven by investment from the private sector.”

Tesco was the only company outside the construction sector to break into the top 10 rankings at number seven. Tesco’s difficulties in the last year, with a 1.5% fall in third quarter like-for-like sales, has led to people researching its creditworthiness more regularly. In three years Tesco’s share price has fallen as the overall value of the FTSE has risen, marking it as a poor market performer.

Suppliers, contractors and industry analysts are increasingly checking Tesco’s financial position following well documented difficulties with disappointing ventures in the United States and Asia.

Robertson continued: “Utilising company credit reports is an effective mechanism to identify the financial health of any firm prior to trading with them. Business intelligence solutions can provide an accurate picture of a firm’s payment behaviours and the likelihood of that company becoming insolvent, enabling those using these services to make informed decisions.”


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