Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 5
2.1 Definitions 6
2.2 Methodology 7
2.3 Abbreviations 8
2.4 Market Positioning 9
2.5 UK Economy 9
2.6 Market Factors 14
3. MARKET SIZE AND TRENDS 27
3.1 Chapter Summary 28
3.2 Market Size 29
3.3 Market Segmentation and Trends 30
3.3.1 Public Housing 32
3.3.2 Private Housing 38
3.3.3 Public Non-residential 42
3.3.4 Private Industrial 47
3.3.5 Private Commercial 49
3.3.6 Repair & Maintenance 52
3.4 Seasonality of Sales 61
3.5 Regional Sales 65
4. INDUSTRY STRUCTURE 74
4.1 Chapter Summary 75
4.2 Industry Development 75
4.3 Company Profiles 80
4.3.1 Alfred McAlpine 81
4.3.2 AMEC 83
4.3.3 Balfour Beatty 88
4.3.4 Barratt Developments 92
4.3.5 Birse Construction 94
4.3.6 Bovis Lend Lease 96
4.3.7 Carillion 98
4.3.7.1 Carillion Construction 102
4.3.8 George Wimpey 103
4.3.9 Interserve 104
4.3.10 John Laing 107
4.3.11 Kier Group 110
4.3.12 Carillion JM/Mowlem 113
4.3.13 Persimmon 115
4.3.14 Skanska UK 117
4.3.15 Taylor Woodrow Construction 119
4.3.16 Costain Group 121
5. MARKET FORECAST 125
5.1 Chapter Summary 126
5.2 Market Overview 127
5.3 Public Housing 129
5.4 Private Housing 131
5.5 Public Non-residential 134
5.6 Private Industrial 139
5.7 Private Commercial 141
5.8 Repair & Maintenance 143
6. FURTHER SOURCES & CONTACTS 148
6.1 Trade Associations 149
6.2 Trade Magazines 151
6.3 Trade Exhibitions 155
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List of Tables
1: Home Ownership in Great Britain, 1991-2006 19
2: Residential Property Transactions, in England, Wales and Northern Ireland,
1992/93-2007/08 20
3: Percentage of House Type in Total New Housing Starts in Great Britain, 2003-2007 21
4: Cumulative Total of PFI Deals, by Government Department, 1987-2007 24
5: Signed PFI Deals, by Government Department, 2003-2007 25
6: Largest Capital Value of Signed Deals 26
7: Construction Output in Great Britain, 2003-2007 29
8: Construction Output in Great Britain, by Type, 2003-2007 31
9: Analysis of the Allocation of the Sustainable Communities £22 Billion Resources,
2003-2006 33
10: Analysis of New Public Housing Construction Output in Great Britain, 2003-2007 37
11: Public Housing Starts and Completions in Great Britain, 2003-2007 38
12: Analysis of Private Housing Construction Output in Great Britain, 2003-2007 41
13: Private New Housing Starts and Completions in Great Britain, 2003-2007 42
14: Analysis of Public Sector Non-Residential Construction Output in Great Britain,
2003-2007 44
15: Analysis of Public Sector Non-Residential Construction in Great Britain, by Type,
2003-2007 45
16: Analysis of Private Industrial Construction Output in Great Britain, 2003-2007 48
17: Analysis of Private Industrial New Construction Work in Great Britain, By Sector
2003-2007 48
18: Analysis of Private Commercial Construction Output in Great Britain, 2003-2007 50
19: Analysis of Private Commercial Construction in Great Britain, by Type, 2003-2007 51
20: Analysis of Repair & Maintenance Output in Great Britain, 2003-2007 52
21: ALMO Funding Allocation, 2007-2008 55
22: Pathfinder Funding Allocations, 2002-2008 57
23: Analysis of Repair & Maintenance Output in the Public Housing Sector in Great Britain, 2003-2007 58
24: Analysis of Repair & Maintenance Output in the Private Housing Sector in Great
Britain, 2003-2007 59
25: Analysis of Repair & Maintenance Output in the Public Non-Residential Sector in
Great Britain, 2003-2007 60
26: Analysis of Repair & Maintenance Output in the Private Non-Residential Sector in
Great Britain, 2003-2007 60
27: Seasonality of Public Housing Output, 2003-2007 61
28: Seasonality of Private Housing Output, 2003-2007 61
29: Seasonality of Public Non-residential Construction Output, 2003-2007 62
30: Seasonality of Private Industrial Construction Output, 2003-2007 62
31: Seasonality of Private Commercial Construction Output, 2003-2007 63
32: Seasonality of Public Housing Repair & Maintenance Output, 2003-2007 63
33: Seasonality of Private Housing Repair & Maintenance Output, 2003-2007 64
34: Seasonality of Public Non-residential Repair & Maintenance Output, 2003-2007 64
35: Seasonality of Private Non-residential Repair & Maintenance Output, 2003-2007 65
36: Regional Public Housing Construction Output, 2003-2007 65
37: Regional Private Housing Construction Output, 2003-2007 66
38: Regional Public Non-residential Construction Output, 2003-2007 67
39: Regional Private Industrial Construction Output, 2003-2007 68
40: Regional Private Commercial Construction Output, 2003-2007 69
41: Regional Housing Repair & Maintenance Output, 2003-2007 70
42: Regional Public Non-residential Repair & Maintenance Output, 2003-2007 71
43: Regional Private Non-residential Repair & Maintenance Output, 2003-2007 72
44: Regional Value of Total New Construction Output, 2003-2007 72
45: Development of the Construction Industry, by Number of Companies, 1997-2006 76
46: Development of Main Trades and Specialist Contractors, by Number of Companies,
1997-2006 76
47: Analysis of the Financial Structure of the Construction Industry, 2006 and 2007 77
48: Analysis of the Financial Structure of the General Construction of Buildings and Civil Engineering Works Industry, 2006 and 2007 78
49: Analysis of the Employment Structure of the Construction Industry, 2006 and 2007 78
50: Analysis of the Employment Structure of the General Construction of Buildings and Civil Engineering Works Industry, 2006 and 2007 79
51: Analysis of Companies Involved in the Construction Industry, by Type of Company, 2006 80
52: Financial Analysis of Alfred McAlpine, 2002-2006 83
53: Key Financial Ratios for Alfred McAlpine, 2002-2006 83
54: Financial Analysis of AMEC, 2002-2006 87
55: Key Financial Ratios for AMEC, 2002-2006 87
56: Financial Analysis of Balfour Beatty, 2002-2006 90
57: Financial Analysis of Balfour Beatty by segment, 2006 91
58: Key Financial Ratios for Balfour Beatty, 2002-2006 92
59: Financial Analysis of Barratt Developments, 2003-2007 93
60: Key Financial Ratios for Barratt Developments, 2003-2007 94
61: Financial Analysis of The Birse Group, 2002-2006 94
62: Financial Analysis of Birse Construction, 2002-2006 95
63: Key Financial Ratios for Birse Construction, 2002-2006 96
64: Financial Analysis of Bovis Lend Lease, 2003-2007 98
65: Key Financial Ratios for Bovis Lend Lease, 2003-2007 98
66: Financial Analysis of Carillion, 2002-2006 101
67: Key Financial Ratios for Carillion, 2002-2006 101
68: Financial Analysis of Carillion Construction, 2002-2006 102
69: Key Financial Ratios for Carillion Construction, 2002-2006 102
70: Financial Analysis of George Wimpey, 2002-2006 103
71: Key Financial Ratios for George Wimpey, 2002-2006 104
72: Financial Analysis of Interserve, 2002-2006 106
73: Key Financial Ratios for Interserve, 2002-2006 107
74: Financial Analysis of John Laing, 2002-2006 109
75: Key Financial Ratios for John Laing, 2002-2006 110
76: Financial Analysis of Kier Group, 2003-2007 112
77: Key Financial Ratios for Kier Group, 2003-2007 113
78: Financial Analysis of Carillion JM, 2001-2005 114
79: Key Financial Ratios for Carillion JM, 2001-2005 115
80: Financial Analysis of Persimmon, 2002-2006 116
81: Key Financial Ratios for Persimmon, 2002-2006 116
82: Financial Analysis of Skanska UK, 2002-2006 118
83: Key Financial Ratios for Skanska UK, 2002-2006 119
84: Financial Analysis of Taylor Woodrow Construction, 2002-2006 120
85: Key Financial Ratios for Taylor Woodrow Construction, 2002-2006 121
86: Financial Analysis of Costain Group, 2002-2006 123
87: Key Financial Ratios for Costain Group, 2002-2006 124
88: Forecast Construction Output in Great Britain, 2008-2012 127
89: Forecast Construction Output in Great Britain, 2008-2012 128
90: Forecast Public Housing Output in Great Britain, 2008-2012 131
91: Forecast Private Housing Output in Great Britain, 2008-2012 134
92: Forecast Public Non-residential Construction Output in Great Britain, 2008-2012 137
93: Forecast of Public Non-residential Construction in Great Britain, by Type, 2008-2012 138
94: Forecast Private Industrial Construction Output in Great Britain, 2008-2012 139
95: Developments under Construction, by Region, July 2007 140
96: Forecast of Private Industrial New Construction Work in Great Britain, By Sector
2008-2012 140
97: Forecast Private Commercial Construction Output in Great Britain, 2008-2012 142
98: Forecast of Private Commercial Construction in Great Britain, by Sector, 2008-2012 142
99: Forecast Repair & Maintenance Construction Output in Great Britain, 2008-2012 143
100: Forecast Repair & Maintenance Construction Output in Great Britain, by Type,
2008-2012 144
101: Forecast Repair & Maintenance Output in the Public Housing Sector in Great Britain,
2008-2012 145
102: Forecast Repair & Maintenance Output in the Private Housing Sector in Great Britain,
2008-2012 146
103: Forecast Repair & Maintenance Output in the Public Non-residential Sector in Great
Britain, 2008-2012 146
104: Forecast Repair & Maintenance Output in the Private Non-residential Sector in Great
Britain, 2008-2012 147 |
