The CN100 list for 2024 highlights key shifts among the UK’s top contractors, presenting both stability and dramatic changes.
- The latest CN100 index, ranking the UK’s top 100 contractors by turnover, is now available to subscribers.
- While the top four contenders for 2024 remain unchanged, companies like Mace and Vinci have made notable progress.
- Among the top 10, Wates and Vinci demonstrate significant upward mobility, signalling dynamic changes in the industry.
- Despite the fiercely competitive landscape, only three firms reported double-digit profit margins, underscoring industry challenges.
The CN100 2024 index offers a comprehensive evaluation of the UK’s top 100 contractors by turnover, utilising records filed by 16 August 2024. This indispensable resource is now accessible to Construction News basic and premium users, providing a crucial insight into the sector’s leading players.
The ranking reveals that Balfour Beatty, Morgan Sindall, Kier, and Laing O’Rourke have maintained their positions in the top four. Meanwhile, Mace has risen impressively by four places, securing the fifth position. ISG remains in sixth place, even amidst an ongoing sale process.
Significant movers within the top 10 include Wates and Vinci, who have ascended by three and ten positions respectively, illustrating their robust performance and strategic advancements. Rounding out the top 10 are Royal Bam and M Group.
Moving further into the rankings, Gratte Brothers and United Living emerge as the most impressive climbers, advancing 29 and 23 places, respectively. Conversely, Cruden Holdings and Seddon highlight the volatility within the ranks, descending by 28 and 26 places, respectively.
Of the 100 firms, 19 have reported losses, including notable names like Bouygues UK, Sir Robert McAlpine, Laing O’Rourke, and Willmott Dixon, reflecting the industry’s infamous struggle with thin profit margins. Remarkably, only three companies boasted double-digit profit margins: Portakabin at 22%, RJ McLeod at 14%, and Kajima Europe at 12.8%. Notably, Portakabin and RJ McLeod experienced ownership transitions during the reporting period.
The CN100 2024 rankings provide a critical overview of performance and trends within the UK’s construction industry.
