Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 5
2.1 Definitions 6
2.2 Methodology 7
2.3 Abbreviations 7
2.4 Market Positioning 8
2.5 UK Economy 9
2.6 Market Factors 13
3. MARKET SIZE AND TRENDS 17
3.1 Chapter Summary 18
3.2 Market Size 19
3.3 Market Segmentation 21
3.3.1 Water 22
3.3.2 Sewerage 40
3.3.3 Electricity 46
3.3.4 Gas 52
3.3.5 Air Transport 59
3.3.6 Communications 62
3.3.7 Railways 64
3.3.8 Harbours 68
3.3.9 Roads 69
3.4 Seasonality of Sales 74
3.4.1 Overall 74
3.4.2 Water 75
3.4.3 Sewerage 75
3.4.4 Electricity 76
3.4.5 Gas, Communications and Air Transport 76
3.4.6 Railways 77
3.4.7 Harbours 77
3.4.8 Roads 78
3.5 Regional Sales 78
4. INDUSTRY STRUCTURE 80
4.1 Chapter Summary 81
4.2 Industry Development 81
4.3 Company Profiles 82
4.3.1 AMEC 82
4.3.2 AMEY 86
4.3.3 Balfour Beatty 90
4.3.4 Birse Construction 94
4.3.5 Bovis Lend Lease 96
4.3.6 The Costain Group 98
4.3.7 Jarvis 101
4.3.8 John Laing 104
4.3.9 Alfred McAlpine 107
4.3.10 Carillion 110
4.3.11 J Murphy & Sons 113
4.3.12 Edmund Nuttall 115
4.3.13 Interserve 117
4.3.14 Skanska UK 120
4.3.15 McNicholas Construction Holdings 123
4.3.16 Galliford Try Infrastructure (previously Morrison Construction) 125
5. MARKET FORECAST 128
5.1 Chapter Summary 129
5.2 Market Overview 130
5.3 Water Industry Development 132
5.4 Sewerage Industry Development 136
5.5 Electricity Industry Development 138
5.6 Gas Industry Development 141
5.7 Air Transport Development 148
5.8 Communications Development 150
5.9 Railways Development 151
5.10 Harbours Development 155
5.11 Roads Development 156
5.12 Road Maintenance 158
6. FURTHER SOURCES & CONTACTS 160
6.1 Trade Associations 161
6.2 Trade Magazines 162
6.3 Trade Exhibitions 165
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List of Tables
1: Total New Construction and Civil Engineering Output in Great Britain, 2003-2007 9
2: Civil Engineering Construction Output in Great Britain, 2003-2007 20
3: Public and Private Civil Engineering Construction Output in Great Britain, 2003-2007 20
4: Analysis of Water Related Capital Expenditure, by Water and Sewerage Companies in England and Wales, 2002/03-2006/07 24
5: Analysis of Water Capital Expenditure in England and Wales, by Water and Sewerage Companies, by Type, 2002/03-2006/07 26
6: Analysis of Water Capital Expenditure in England and Wales, by Water Only
Companies, by Type, 2002/03-2006/07 26
7: Analysis of Water Distribution Capital Expenditure, by Water and Sewerage Companies, 2002/03-2006/07 27
8: Analysis of Water Distribution Capital Expenditure, by Water Only Companies,
2002/03-2006/07 28
9: Total Industry Leakage, 2002/03-2006/07 29
10: Water Leakage Levels, by Company, 2002/03- 2006/07 29
11: Water Leakage Levels, by Company, 2007/08- 2009/10 30
12: Analysis of Mains Renewal and Relining Activity, by Water Companies, 2006/07 31
13: Analysis of Water Capital Expenditure by Water Only Companies, by Type, 2006/07 32
14: Analysis of Water Capital Expenditure, by Water and Sewerage Companies, by
Purpose, 2006/07 33
15: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2003/04-2006/07 35
16: Estimated Number of Connected (billed) Properties in Scotland, 2006-2010 36
17: Forecast Investment Programme for Scottish Water, 2006/2007-2009/2010 36
18: Water Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 37
19: Water Related Capital Expenditure in Northern Ireland, by Type, 2003-2023 38
20: Development of the Civil Engineering Construction Output by the Potable Water Industry
in Great Britain, 2003-2007 39
21: Public and Private Civil Engineering Construction Output by the Potable Water Industry, 2003-2007 39
22: Analysis of Sewerage Related Capital Expenditure, by Company, 2002/03-2006/07 40
23: Analysis of Sewerage Capital Expenditure in England and Wales, by Water Service Company, by Type, 2006/07 41
24: Analysis of Sewerage Capital Expenditure in England and Wales, by Company and
Purpose, 2006/07 42
25: Sewerage Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 44
26: Development of the Civil Engineering Construction Output by the Sewerage Industry in
Great Britain, 2003-2007 45
27: Public and Private Civil Engineering Construction Output by the Sewerage Industry,
2003-2007 46
28: Capital and Civil Engineering Expenditure by the Electricity Distribution Network
Operators, 2002/03-2006/07 49
29: Capital and Civil Engineering Expenditure by the Electricity Generating Industry,
2002/03-2006/07 50
30: Development of the Civil Engineering Construction Output by the Electricity Industry in
Great Britain, 2003-2007 51
31: Public and Private Civil Engineering Construction Output by the Electricity Industry,
2003-2007 52
32: Development of the Civil Engineering Construction Output by the Gas Industry in Great Britain, 2003-2007 56
33: Public and Private Civil Engineering Construction Output by the Gas Industry,
2003-2007 56
34: Capital and Civil Engineering Expenditure by the Gas Supply Industry, 2003-2007 57
35: Decommissioning Programmes for National Grid Gas (formerly Transco) and Distribution Networks, 2005-2006 58
36: 10 Largest airports in the UK, 2003-2007 59
37: Development of the Civil Engineering Construction Output by the Air Transport Industry
in Great Britain, 2003-2007 61
38: Public and Private Civil Engineering Construction Output by the Air Transport Industry,
2003-2007 61
39: Analysis of Capital Expenditure on Airport & Air Traffic Control, 2002-2006 62
40: Civil Engineering Construction Output by the Communications Industry in Great Britain,
2003-2007 63
41: Public and Private Civil Engineering Construction Output by the Communication
Industry, 2003-2007 64
42: Development of the Civil Engineering Construction Output by the Rail Transport Sector
in Great Britain, 2003-2007 67
43: Public and Private Civil Engineering Construction Output by the Rail Industry, 2003-2007 68
44: Development of the Civil Engineering Construction Output by the Harbours and
Waterways Sectors in Great Britain, 2003-2007 69
45: Public and Private Civil Engineering Construction Output by the Harbours Industry,
2003-2007 69
46: Analysis of Public Road Infrastructure in Great Britain, by Type of Road, 2006 70
47: New Construction and Improvements of Roads, 2002/03-2006/07 71
48: Civil Engineering New Road Construction Output in Great Britain, 2003-2007 71
49: Public and Private Civil Engineering Construction Output In the Roads Sector, 2003-2007 72
50: Civil Engineering Output on Road Maintenance in Great Britain, 2003-2007 73
51: Government Expenditure on Road Maintenance in England and Wales, by Road Class
2002-2006 74
52: Seasonality of Civil Engineering, 2003-2007 75
53: Seasonality of Civil Engineering Output in the Water Sector, 2003-2007 75
54: Seasonality of Civil Engineering Output in the Sewerage Sector, 2003-2007 76
55: Seasonality of Civil Engineering Output in the Electricity Sector, 2003-2007 76
56: Seasonality of Civil Engineering Output in the Gas, Communications and Air Sector,
2003-2007 77
57: Seasonality of Civil Engineering Output in the Railways Sector, 2003-2007 77
58: Seasonality of Civil Engineering Output in the Harbours Sector, 2003-2007 78
59: Seasonality of Civil Engineering Output in the Roads Sector, 2003-2007 78
60: Analysis of Civil Engineering Output By Area, 2003-2007 79
61: Financial Analysis of AMEC, 2002-2006 85
62: Key Financial Ratios for AMEC, 2002-2006 86
63: Financial Analysis of Amey, 2000-2004 88
64: Key Financial Ratios for Amey, 2000-2004 89
65: Financial Analysis of Amey UK, 2004-2006 89
66: Key Financial Ratios for Amey UK, 2004-2006 90
67: Financial Analysis of Balfour Beatty, 2002-2006 92
68: Financial Analysis of Balfour Beatty by segment, 2006 93
69: Key Financial Ratios for Balfour Beatty, 2002-2006 94
70: Financial Analysis of The Birse Group, 2003-2007 94
71: Financial Analysis of Birse Construction, 2002-2006 95
72: Key Financial Ratios for Birse Construction, 2002-2006 96
73: Financial Analysis of Bovis Lend Lease, 2003-2007 97
74: Key Financial Ratios for Bovis Lend Lease, 2003-2007 98
75: Financial Analysis of Costain Group, 2002-2006 101
76: Key Financial Ratios for Costain Group, 2002-2006 101
77: Financial Analysis of Jarvis, 2003-2007 103
78: Key Financial Ratios for Jarvis, 2003-2007 104
79: Financial Analysis of John Laing, 2002-2006 106
80: Key Financial Ratios for John Laing, 2002-2006 107
81: Financial Analysis of Alfred McAlpine, 2002-2006 109
82: Key Financial Ratios for Alfred McAlpine, 2002-2006 110
83: Financial Analysis of Carillion, 2002-2006 112
84: Key Financial Ratios for Carillion, 2002-2006 113
85: Financial Analysis of J Murphy & Sons, 2002-2006 114
86: Key Financial Ratios for J Murphy & Sons, 2002-2006 115
87: Financial Analysis of Edmund Nuttall, 2002-2006 116
88: Key Financial Ratios for Edmund Nuttall, 2002-2006 117
89: Financial Analysis of Interserve, 2002-2006 119
90: Key Financial Ratios for Interserve, 2002-2006 120
91: Financial Analysis of Skanska UK, 2002-2006 122
92: Key Financial Ratios for Skanska UK, 2002-2006 122
93: Financial Analysis of McNicholas Construction Holdings, 2003-2007 124
94: Key Financial Ratios for McNicholas Construction Holdings, 2003-2007 124
95: Financial Analysis of Galliford Try Infrastructure (formerly Morrison Construction),
2003-2007 126
96: Key Financial Ratios for Galliford Try (formerly Morrison Construction), 2003-2007 127
97: Forecast Civil Engineering Construction Output in Great Britain, 2008-2012 131
98: Forecast UK Capital Expenditure on the Water and Sewerage Industry,
2007/08-2011/12 133
99: Total Capital Expenditure by Water and Sewerage Companies, 2005- 2010 133
100: Total Capital Expenditure by Water Only Companies, 2005- 2010 134
101: Forecast Civil Engineering Output for the Water Sector, 2008-2012 136
102: Forecast Civil Engineering Output for the Sewerage Sector, 2008-2012 137
103: Renewable Energy Projects in the Pipeline, as of May 2007 139
104: Forecast Civil Engineering Output for the Electricity Sector, 2008-2012 140
105: Forecast Gas Supply and Demand, by Source, 2006/2007-2013/2014 144
106: Forecast Gas Distribution, by Supply Terminal, 2006/2007-2013/2014 144
107: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 146
108: Forecast Gas Distribution Total Capital Expenditure, 2007/08-2012/13 146
109: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2007/08-2012/13 147
110: Forecast Civil Engineering Construction Output for the Gas Sector, 2008-2012 148
111: Forecast Of Air Traffic Demand, at UK Airports 2005-2020 149
112: Forecast Civil Engineering Output for the Airport Transport Sector, 2008-2012 150
113: Forecast Civil Engineering Output for the Communications Sector, 2008-2012 151
114: Forecast Investment in Infrastructure Renewals by Network Rail, by Type,
2006/07-2008/09 152
115: Forecast Investment in Infrastructure Maintenance by Network Rail, by Type,
2006/07-2008/09 152
116: Selection of Network Rail Infrastructure Schemes 2007-09 153
117: Forecast Civil Engineering Construction Output for the Rail Sector, 2008-2012 154
118: Forecast Civil Engineering Construction Output for the Harbours Sector, 2008-2012 156
119: Highways Agency Indicative Budget, 2007-08 156
120: Forecast Local Transport Funding by Central Government, 2005/06-2007/08 157
121: Local Transport Funding by Central Government, 2005/06-2007/08 157
122: Forecast Civil Engineering Construction Output for the Roads Sector, 2008-2012 158
123: Forecast Civil Engineering Output for the Roads Maintenance Sector, 2008-2012 159 |
