As the UK economy continues to gain confidence, there seems to be some more encouraging news for the UK’s largest construction companies.
A new study from UK business analyst, Plimsoll, which has analysed the financial health of the largest 1,500 construction businesses operating in the UK, indicates that, on average, construction firms have increased in value by 9% in the last 12 months.
The 2017 study states while average company value within the industry has increased by 9%, 121 businesses have seen their value fall by a third.
Plimsoll’s lead author, David Pattison, said: “As a director, taking stock of your company value is a great barometer to measure your success and to analyse the overall state of the market. In all, we have identified 339 businesses that have increased in value by 10% or more and their financial performance adds to the belief that the overall market is continually improving.
“Having said that, we have seen 121 businesses that have seen their value fall by over a third and it is clear that, although the market is improving, it is still a challenging landscape.”
