Know what you want? Try our 'Supplier Directory' 

Construction industry tops most searched companies of 2015

According to new research by Creditsafe, eight of the 10 most searched for UK companies on its system during 2015 operate in the construction industry or are specialist suppliers to the sector.

Five of these firms directly work in property construction and development, while three are specialist retailers servicing the industry. Two of the most searched companies last year were construction firms that called in the administrators (GB Solutions Limited and Fairhurst Ward Abbotts).

In terms of growth, the construction sector has experienced a dramatic upturn in 2015. On average, 1,840 new construction companies open per month in the UK, compared to 862 in France and 230 in Belgium. In Germany, the number of construction companies fell by an average of 25 per month.

SPIE UK, which provides energy, safety and environmentally focused solutions across multi-technical and support services was the UK’s most searched company of 2015. Searches spiked following the IPO of its French parent company in June, which valued the company at around €2.5 billion.

The other nine most searched companies (in order) were: Edmundson Electrical Limited, GB Building Solutions Limited, IESA Limited, Balfour Beatty Plc, Wolseley UK Limited, Grafton Merchanting GB Limited, Tesco Plc, Balfour Beatty Regional Construction Limited and Fairhurst Ward Abbotts Limited.

Creditsafe’s UK operations director, Rachel Mainwaring, said: “The construction industry is one of the most difficult to evaluate as firms rely on a constant influx of new contracts, so companies that file profitable accounts one year can soon find themselves in difficulty the next. The collapse of GB Building Solutions graphically exemplifies the importance of continual credit referencing.'

She continued: 'While the group had historically traded profitably, cash flow pressures forced it into administration leaving an alleged £30 million trade credit shortfall. The industry is heavily reliant on trade credit so it is vital that suppliers to construction firms continually monitor payment performance and company ratings to avoid potential losses.”

11 January 2016

Comments

Already Registered?
Login
Not Yet Registered?
Register

BCIA launches school competition

The Building Controls Industry Association (BCIA) has launched a summer competition that encourages young people to devise an idea that could help reduce the energy consumption of their schools....

  07-Jul-2020

LG introduces new round cassette for multi v VRF systems

LG continues to introduce new and efficient product additions to its range of air conditioning equipment. Its latest introduction is its new round cassette, particularly helpful in spaces with high or exposed ceilings....

  03-Jul-2020

Steam Room Generators from Humidity Solutions

A Vapac Steam Generator designed specifically for use with Steam Rooms in the UK.
  09-Jun-2020
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

FETA Annual Lunch