Top 100 Construction Companies 2024
This year’s TCI Top 100 - a review of financial results for UK construction companies filed by the end of June 2024 - reveals that aggregate turnover increased by 8.9%. On an individual basis, 78 companies grew their turnover; but pushing up profits proved harder with only 51 increasing their pre-tax profits.
Profit margins have come under pressure during the past year, with the average margin across the Top 100 falling to 1.7% compared to 2.7% among the same companies in 2023.
Among those construction companies quoted on the UK stock exchange, profitability has remained relatively stable. There are 14 public limited companies (plcs) that could be described as contractors and 10 feature in the latest Top 100 with piling specialist Keller excluded as the bulk of its turnover comes from overseas.
The five biggest quoted companies in UK construction - Balfour Beatty, Costain, Kier, Galliford Try and Morgan Sindall - are among the top 13 construction contractors by revenue and while they all might record pretty low margins, this should not be a cause for concern.
| Latest Rank By Turnover | Latest Rank By Profit | Company | Reporting Period | Latest Turnover (£m) | Previous Turnover (£m) | Change (%) | Latest Pre-tax Profit (£m) | Previous Pre-tax Profit (£m) | Latest Margin | Previous Margin |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | MORGAN SINDALL GROUP PLC | 31/12/2023 | 4,117.7 | 3,612.2 | 14.0 | 143.9 | 85.3 | 3.5 | 2.4 |
| 2 | 3 | BALFOUR BEATTY GROUP LTD | 31/12/2023 | 4,060.0 | 3,787.0 | 7.2 | 118.0 | 116.0 | 2.9 | 3.1 |
| 3 | 8 | KIER GROUP PLC | 31/12/2022 | 3,724.2 | 3,380.7 | 10.2 | 54.0 | 51.9 | 1.5 | 1.5 |
| 4 | 41 | ISG LTD | 31/12/2023 | 2,185.1 | 2,263.7 | -3.5 | 11.5 | 18.5 | 0.5 | 0.8 |
| 5 | 11 | WATES GROUP LTD | 31/03/2023 | 2,101.9 | 1,786.9 | 17.6 | 44.9 | 31.5 | 2.1 | 1.8 |
| 6 | 100 | LAING O'ROURKE PLC | 31/12/2022 | 2,034.9 | 1,807.3 | 12.6 | -188.3 | 16.2 | -9.3 | 0.9 |
| 7 | 2 | TARMAC TRADING LTD | 31/12/2022 | 1,996.4 | 2,136.2 | -6.5 | 125.9 | 263.1 | 6.3 | 12.3 |
| 8 | 10 | MACE LTD | 31/03/2023 | 1,936.5 | 1,933.0 | 0.2 | 51.0 | 53.8 | 2.6 | 2.8 |
| 9 | 80 | M GROUP SERVICES LD | 31/12/2023 | 1,864.6 | 1,545.3 | 20.7 | 1.3 | 31.3 | 0.1 | 2.0 |
| 10 | 4 | AMEY UK LTD | 31/12/2023 | 1,836.2 | 2,082.8 | -11.8 | 97.0 | 86.4 | 5.3 | 4.2 |
| 11 | 21 | GALLIFORD TRY HOLDINGS PLC | 31/12/2022 | 1,638.2 | 1,393.7 | 17.5 | 26.0 | 10.1 | 1.6 | 0.7 |
| 12 | 12 | J. MURPHY & SONS LTD | 31/12/2022 | 1,482.9 | 1,269.9 | 16.8 | 44.6 | 61.7 | 3.0 | 4.9 |
| 13 | 7 | SKANSKA UK PLC | 31/12/2022 | 1,400.2 | 1,122.7 | 24.7 | 55.0 | 34.7 | 3.9 | 3.1 |
| 14 | 14 | VOLKERWESSELS UK LTD | 31/12/2023 | 1,348.8 | 1,151.9 | 17.1 | 37.7 | 27.1 | 2.8 | 2.4 |
| 15 | 19 | COSTAIN GROUP PLC | 31/12/2022 | 1,332.0 | 1,421.4 | -6.3 | 30.9 | 32.8 | 2.3 | 2.3 |
| 16 | 98 | VINCI CONSTRUCTION UK LTD | 31/08/2023 | 1,286.8 | 1,166.3 | 10.3 | -44.2 | 23.6 | -3.4 | 2.0 |
| 17 | 9 | BOWMER AND KIRKLAND LTD | 31/01/2023 | 1,242.4 | 1,146.5 | 8.4 | 53.4 | 63.1 | 4.3 | 5.5 |
| 18 | 45 | WINVIC GROUP LTD | 31/12/2022 | 1,217.4 | 1,029.2 | 18.3 | 10.5 | 15.6 | 0.9 | 1.5 |
| 19 | 90 | WILLMOTT DIXON HOLDINGS LTD | 31/03/2023 | 1,147.2 | 1,101.5 | 4.2 | -8.7 | 11.2 | -0.8 | 1.0 |
| 20 | 32 | JOHN GRAHAM HOLDINGS LTD | 31/10/2022 | 1,093.7 | 948.3 | 15.3 | 15.1 | 19.0 | 1.4 | 2.0 |
| 21 | 46 | SIR ROBERT MCALPINE LTD | 31/12/2022 | 1,086.9 | 937.2 | 16.0 | 9.3 | 9.2 | 0.9 | 1.0 |
| 22 | 66 | BAM NUTTALL LTD | 31/03/2024 | 1,068.5 | 1,073.3 | -0.4 | 4.1 | 26.2 | 0.4 | 2.4 |
| 23 | 6 | RENEW HOLDINGS PLC | 31/12/2022 | 1,055.6 | 921.6 | 14.5 | 60.6 | 58.1 | 5.7 | 6.3 |
| 24 | 33 | BAM CONSTRUCT & VENTURES UK LTD | 31/07/2023 | 982.3 | 918.6 | 6.9 | 14.6 | 20.4 | 1.5 | 2.2 |
| 25 | 56 | MCLAREN CONSTRUCTION GROUP PLC | 31/12/2022 | 964.2 | 751.7 | 28.3 | 6.4 | 2.0 | 0.7 | 0.3 |
| 26 | 99 | EQUANS REGENERATION LTD | 31/12/2022 | 926.0 | 869.8 | 6.5 | -135.7 | 62.6 | -14.7 | 7.2 |
| 27 | 37 | JRL GROUP HOLDINGS LTD | 31/12/2022 | 761.3 | 610.0 | 24.8 | 13.3 | 26.8 | 1.8 | 4.4 |
| 28 | 40 | DALKIA GROUP LTD | 31/12/2022 | 720.9 | 561.9 | 28.3 | 11.8 | 3.3 | 1.6 | 0.6 |
| 29 | 15 | EUROVIA UK LTD | 31/12/2023 | 693.4 | 632.0 | 9.7 | 37.5 | 26.9 | 5.4 | 4.3 |
| 30 | 18 | MULTIPLEX CONSTRUCTION EUROPE LTD | 30/06/2023 | 675.4 | 561.9 | 20.2 | 31.0 | 11.1 | 4.6 | 2.0 |
| 31 | 29 | ROBERTSON GROUP (HOLDINGS) LTD | 31/12/2022 | 670.9 | 615.6 | 9.0 | 16.3 | 20.5 | 2.4 | 3.3 |
| 32 | 5 | HILL HOLDINGS LTD | 01/03/2024 | 636.5 | 680.8 | -6.5 | 65.6 | 65.1 | 10.3 | 9.6 |
| 33 | 43 | NG BAILEY GROUP LTD | 31/08/2023 | 600.1 | 531.6 | 12.9 | 10.7 | -25.0 | 1.8 | -4.7 |
| 34 | 17 | CADDICK GROUP LTD | 31/12/2022 | 575.0 | 491.6 | 17.0 | 35.5 | 58.0 | 6.2 | 11.8 |
| 35 | 50 | NORTHSTONE (NI) LTD | 31/03/2023 | 540.0 | 472.0 | 14.4 | 7.2 | 7.1 | 1.3 | 1.5 |
| 36 | 30 | F M CONWAY LTD | 31/03/2023 | 535.3 | 478.1 | 12.0 | 15.5 | 17.2 | 2.9 | 3.6 |
| 37 | 89 | UNITED LIVING HOLDINGS LTD | 31/10/2022 | 534.2 | 436.5 | 22.4 | -3.9 | -20.9 | -0.7 | -4.8 |
| 38 | 79 | KELTBRAY GROUP LTD | 30/06/2023 | 527.9 | 389.5 | 35.5 | 3.2 | -4.2 | 0.6 | -1.1 |
| 39 | 39 | LENDLEASE CONSTRUCTION (EUROPE) LTD | 31/12/2022 | 509.0 | 553.5 | -8.0 | 11.9 | 18.9 | 2.3 | 3.4 |
| 40 | 96 | FERROVIAL CONSTRUCTION (UK) LTD | 31/12/2023 | 493.2 | 456.3 | 8.1 | -30.1 | 5.4 | -6.1 | 1.2 |
| 41 | 70 | TILBURY DOUGLAS CONSTRUCTION LTD | 31/12/2023 | 492.8 | 392.0 | 25.7 | 2.8 | -96.3 | 0.6 | -24.6 |
| 42 | 49 | TCLARKE PLC | 30/03/2024 | 491.0 | 426.0 | 15.3 | 7.6 | 10.3 | 1.6 | 2.4 |
| 43 | 23 | SEVERFIELD PLC | 31/12/2022 | 463.5 | 491.8 | -5.8 | 23.0 | 27.1 | 5.0 | 5.5 |
| 44 | 54 | TSL LTD | 31/12/2023 | 455.3 | 548.0 | -16.9 | 6.8 | 10.0 | 1.5 | 1.8 |
| 45 | 42 | MCALEER & RUSHE CONTRACTS UK LTD | 31/05/2023 | 436.4 | 404.3 | 7.9 | 11.0 | 12.1 | 2.5 | 3.0 |
| 46 | 20 | M.V. KELLY LTD | 31/12/2023 | 420.1 | 407.5 | 3.1 | 27.1 | 23.0 | 6.5 | 5.6 |
| 47 | 13 | FP MCCANN GROUP LTD | 30/09/2023 | 415.8 | 387.6 | 7.3 | 41.9 | 38.3 | 10.1 | 9.9 |
| 48 | 83 | ARAGLIN HOLDINGS LTD | 30/09/2023 | 402.5 | 366.4 | 9.8 | 0.7 | 42.8 | 0.2 | 11.7 |
| 49 | 68 | GLENCAR CONSTRUCTION LTD | 31/12/2023 | 400.6 | 417.8 | -4.1 | 3.4 | 0.8 | 0.9 | 0.2 |
| Latest Rank By Turnover | Latest Rank By Profit | Company | Reporting Period | Latest Turnover (£m) | Previous Turnover (£m) | Change (%) | Latest Pre-tax Profit (£m) | Previous Pre-tax Profit (£m) | Latest Margin | Previous Margin |
|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 35 | J.N. BENTLEY LTD | 31/12/2022 | 388.3 | 263.5 | 47.4 | 13.5 | 6.4 | 3.5 | 2.4 |
| 51 | 97 | BOUYGUES (U.K.) LTD | 30/06/2023 | 382.6 | 483.6 | -20.9 | -41.9 | 0.8 | -11.0 | 0.2 |
| 52 | 28 | OGILVIE GROUP LTD | 31/12/2023 | 377.0 | 331.8 | 13.6 | 16.4 | 22.9 | 4.3 | 6.9 |
| 53 | 16 | HENRY BOOT PLC | 31/12/2022 | 359.4 | 341.4 | 5.3 | 37.3 | 45.6 | 10.4 | 13.4 |
| 54 | 94 | INTEGRAL UK LTD | 31/12/2023 | 351.6 | 310.6 | 13.2 | -14.5 | -21.6 | -4.1 | -6.9 |
| 55 | 22 | EMCOR GROUP (UK) PLC | 31/12/2022 | 350.9 | 385.0 | -8.8 | 24.0 | 23.9 | 6.8 | 6.2 |
| 56 | 88 | JOHN SISK & SON LTD | 31/03/2024 | 350.7 | 382.9 | -8.4 | -2.5 | 8.4 | -0.7 | 2.2 |
| 57 | 64 | WATKIN JONES PLC | 31/03/2023 | 350.2 | 413.2 | -15.3 | 4.2 | -42.5 | 1.2 | -10.3 |
| 58 | 26 | OHOB HOLDINGS LTD | 31/12/2022 | 348.3 | 292.9 | 18.9 | 20.3 | 21.6 | 5.8 | 7.4 |
| 59 | 31 | HG CONSTRUCTION LTD | 02/04/2023 | 335.7 | 243.0 | 38.1 | 15.3 | 24.9 | 4.6 | 10.2 |
| 60 | 36 | CLANCY GROUP HOLDINGS LTD | 30/09/2023 | 334.5 | 293.0 | 14.2 | 13.5 | 10.6 | 4.0 | 3.6 |
| 61 | 82 | GMI CONSTRUCTION GROUP PLC | 30/09/2023 | 328.5 | 360.3 | -8.8 | 0.9 | -2.3 | 0.3 | -0.7 |
| 62 | 93 | ARDMORE CONSTRUCTION LTD | 31/12/2022 | 313.1 | 415.4 | -24.6 | -14.1 | 2.8 | -4.5 | 0.7 |
| 63 | 73 | STRUCTURETONE INTERNATIONAL LTD | 31/12/2022 | 305.1 | 182.4 | 67.2 | 2.5 | -2.7 | 0.8 | -1.5 |
| 64 | 63 | GILBERT-ASH LTD | 31/12/2022 | 262.4 | 219.3 | 19.7 | 4.3 | 12.0 | 1.6 | 5.5 |
| 65 | 74 | ESH HOLDINGS LTD | 31/03/2023 | 260.9 | 254.9 | 2.3 | 2.0 | 3.0 | 0.8 | 1.2 |
| 66 | 91 | ENERVEO LTD | 31/03/2023 | 256.7 | 278.9 | -8.0 | -10.2 | -26.8 | -4.0 | -9.6 |
| 67 | 76 | GRATTE BROTHERS GROUP LTD | 31/12/2023 | 250.2 | 124.6 | 100.7 | 2.0 | 1.6 | 0.8 | 1.3 |
| 68 | 38 | R. G. CARTER HOLDINGS LTD | 31/12/2022 | 248.5 | 322.0 | -22.8 | 12.8 | 7.1 | 5.1 | 2.2 |
| 69 | 84 | WILLIAM HARE GROUP LTD | 31/07/2023 | 248.3 | 239.5 | 3.7 | -0.9 | -2.2 | -0.3 | -0.9 |
| 70 | 47 | HW MARTIN HOLDINGS LTD | 31/03/2023 | 247.8 | 223.7 | 10.8 | 8.2 | 29.3 | 3.3 | 13.1 |
| 71 | 24 | AXIS EUROPE PLC | 31/12/2022 | 244.3 | 191.2 | 27.8 | 21.2 | 14.0 | 8.7 | 7.3 |
| 72 | 87 | COLAS LTD | 31/03/2023 | 244.2 | 212.3 | 15.0 | -2.2 | 7.9 | -0.9 | 3.7 |
| 73 | 27 | CCG (SCOTLAND) LTD | 31/08/2023 | 243.3 | 225.7 | 7.8 | 17.1 | 18.0 | 7.0 | 8.0 |
| 74 | 34 | FORTH HOLDCO LTD | 30/09/2023 | 233.5 | 192.4 | 21.4 | 13.6 | 13.5 | 5.8 | 7.0 |
| 75 | 65 | SDC (HOLDINGS) LTD | 30/09/2022 | 229.6 | 168.3 | 36.4 | 4.2 | 2.7 | 1.8 | 1.6 |
| 76 | 58 | ERITH HOLDINGS LTD | 31/03/2023 | 227.1 | 208.3 | 9.0 | 5.1 | -13.8 | 2.3 | -6.6 |
| 77 | 72 | STORY CONTRACTING HOLDINGS LTD | 31/12/2022 | 226.8 | 177.4 | 27.9 | 2.7 | 9.0 | 1.2 | 5.1 |
| 78 | 81 | RGCM LTD | 31/12/2022 | 223.4 | 156.7 | 42.6 | 1.3 | 0.9 | 0.6 | 0.6 |
| 79 | 86 | MORRISROE | 31/10/2023 | 218.9 | 203.9 | 7.4 | -1.3 | -11.4 | -0.6 | -5.6 |
| 80 | 77 | BW WORKPLACE EXPERTS LTD | 31/03/2023 | 216.3 | 145.1 | 49.1 | 1.8 | -0.2 | 0.9 | -0.1 |
| 81 | 67 | OCTAVIUS INFRASTRUCTURE LTD. | 31/10/2023 | 215.4 | 191.2 | 12.7 | 3.9 | 5.9 | 1.8 | 3.1 |
| 82 | 71 | BRIGGS & FORRESTER GROUP LTD | 31/03/2023 | 212.5 | 229.2 | -7.3 | 2.7 | 1.6 | 1.3 | 0.7 |
| 83 | 44 | SHERRYGREEN LTD | 31/08/2023 | 206.8 | 183.1 | 12.9 | 10.6 | 1.2 | 5.1 | 0.7 |
| 84 | 51 | TIDE CONSTRUCTION LTD | 30/06/2023 | 197.2 | 177.5 | 11.1 | 7.1 | 11.1 | 3.6 | 6.3 |
| 85 | 55 | BYRNE GROUP LTD | 30/11/2023 | 191.3 | 152.7 | 25.3 | 6.8 | 6.4 | 3.5 | 4.2 |
| 86 | 48 | LINDUM GROUP LTD | 31/12/2022 | 186.2 | 185.1 | 0.6 | 8.1 | 7.8 | 4.4 | 4.2 |
| 87 | 78 | NOVUS PROPERTY SOLUTIONS LTD | 31/12/2023 | 185.9 | 127.7 | 45.6 | 1.6 | 0.8 | 0.8 | 0.6 |
| 88 | 63 | E.W. BEARD LTD | 31/10/2022 | 179.4 | 165.0 | 8.8 | 4.3 | 3.5 | 2.4 | 2.1 |
| 89 | 89 | DURKAN HOLDINGS LTD | 31/12/2022 | 171.7 | 132.0 | 30.1 | -3.9 | -9.3 | -2.3 | -7.1 |
| 90 | 53 | ERIC WRIGHT GROUP LTD | 31/03/2023 | 168.0 | 163.9 | 2.5 | 7.1 | 15.1 | 4.2 | 9.2 |
| 91 | 92 | CRUDEN HOLDINGS LTD | 31/12/2022 | 167.5 | 231.0 | -27.5 | -11.7 | 4.9 | -7.0 | 2.1 |
| 92 | 79 | CLEGG GROUP LTD | 30/09/2023 | 165.4 | 105.5 | 56.8 | 1.5 | 1.8 | 0.9 | 1.7 |
| 93 | 61 | J. COFFEY CONSTRUCTION LTD | 31/12/2022 | 164.5 | 109.3 | 50.6 | 4.3 | 2.8 | 2.6 | 2.6 |
| 94 | 52 | ONE GROUP CONSTRUCTION LTD | 31/12/2023 | 164.5 | 160.4 | 2.5 | 7.1 | 7.0 | 4.3 | 4.4 |
| 95 | 59 | SEDDON GROUP LTD | 01/10/2022 | 160.7 | 153.9 | 4.4 | 4.6 | -13.0 | 2.9 | -8.4 |
| 96 | 25 | THOMAS ARMSTRONG (HOLDINGS) LTD | 30/04/2023 | 159.5 | 141.3 | 12.9 | 20.4 | 17.2 | 12.8 | 12.2 |
| 97 | 60 | A&H CONSTRUCTION & DEVELOPMENTS (HOLDINGS) LTD | 31/12/2022 | 153.0 | 152.6 | 0.2 | 4.6 | 5.9 | 3.0 | 3.9 |
| 98 | 57 | DOMIS CONSTRUCTION LTD | 30/06/2023 | 146.3 | 112.6 | 29.9 | 6.2 | 8.9 | 4.3 | 7.9 |
| 99 | 75 | COLLINS CONSTRUCTION LTD | 31/07/2023 | 145.3 | 124.1 | 17.1 | 2.0 | 1.6 | 1.4 | 1.3 |
| 100 | 95 | HIGGINS GROUP PLC | 31/03/2023 | 144.2 | 210.3 | -31.4 | -25.8 | -5.4 | -17.9 | -2.6 |
Source: Company Watch