TABLE OF CONTENTS
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 6
2.1 Definitions 7
2.2 Methodology 8
2.3 Abbreviations 8
2.4 Market Positioning 9
2.5 UK Economy 10
2.6 Market Factors 14
3. MARKET SIZE AND TRENDS 18
3.1 Chapter Summary 19
3.2 Market Size 20
3.3 Market Segmentation 22
3.3.1 Water 22
3.3.2 Sewerage 40
3.3.3 Electricity 47
3.3.4 Gas 53
3.3.5 Air Transport 59
3.3.6 Communications 63
3.3.7 Railways 65
3.3.8 Harbours 68
3.3.9 Roads 70
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 89
4.3.4 Birse Construction 94
4.3.5 Bovis Lend Lease 95
4.3.6 The Costain Group 97
4.3.7 Jarvis 100
4.3.8 John Laing 103
4.3.9 Carillion (AM) (formerly Alfred McAlpine) 106
4.3.10 Carillion 108
4.3.11 J Murphy & Sons 110
4.3.12 Bam Nuttall (previously Edmund Nuttall) 114
4.3.13 Interserve 116
4.3.14 Skanska UK 118
4.3.15 McNicholas Construction Holdings 121
4.3.16 Galliford Try Infrastructure (previously Morrison Construction) 123
5. MARKET FORECAST 126
5.1 Chapter Summary 127
5.2 Market Overview 129
5.3 Water Industry Development 131
5.4 Sewerage Industry Development 139
5.5 Electricity Industry Development 140
5.6 Gas Industry Development 144
5.7 Air Transport Development 152
5.8 Communications Development 154
5.9 Railways Development 155
5.10 Harbours Development 160
5.11 Roads Development 162
5.12 Road Maintenance 164
6. FURTHER SOURCES & CONTACTS 165
6.1 Trade Associations 166
6.2 Trade Magazines 166
6.3 Trade Exhibitions 169
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LIST OF TABLES
1: Total New Construction and Civil Engineering Output in Great Britain, 2004-2008 10
2: Civil Engineering Construction Output in Great Britain, 2004-2008 20
3: Public and Private Civil Engineering Construction Output in Great Britain, 2004-2008 21
4: UK Capital Expenditure on Water and Sewerage Services, 2002/03-2006/07 26
5: UK Capital Expenditure on Water and Sewerage Services, 2002/03-2006/07 26
6: Analysis of Water Related Capital Expenditure, by Water and Sewerage Companies in England and Wales, 2002/03-2006/07 27
7: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2003/04-2006/07 30
8: Water Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 30
9: Analysis of Water Capital Expenditure in England and Wales, by Water and Sewerage Companies, by Type, 2002/03-2006/07 31
10: Analysis of Water Capital Expenditure in England and Wales, by Water Only
Companies, by Type, 2002/03-2006/07 32
11: Analysis of Water Distribution Capital Expenditure, by Water and Sewerage
Companies, 2002/03-2006/07 32
12: Analysis of Water Distribution Capital Expenditure, by Water Only Companies,
2002/03-2006/07 33
13: Total Industry Leakage, 2002/03-2006/07 34
14: Water Leakage Levels, by Company, 2002/03- 2006/07 34
15: Water Leakage Levels, by Company, 2007/08- 2009/10 35
16: Analysis of Mains Renewal and Relining Activity, by Water Companies, 2006/07 36
17: Analysis of Water Capital Expenditure by Water Only Companies, by Type, 2006/07 37
18: Analysis of Water Capital Expenditure, by Water and Sewerage Companies, by
Purpose, 2006/07 38
19: Civil Engineering Construction Output by the Potable Water Industry in Great Britain,
2004-2008 39
20: Public and Private Civil Engineering Construction Output by the Potable Water Industry, 2004-2008 40
21: Analysis of Sewerage Related Capital Expenditure in England and Wales, by Company, 2002/03-2006/07 41
22: Analysis of Sewerage Capital Expenditure in England and Wales, by Water Service Company, by Type, 2006/07 42
23: Analysis of Sewerage Capital Expenditure in England and Wales, by Company and
Purpose, 2006/07 43
24: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2003/04-2006/07 44
25: Sewerage Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 45
26: Civil Engineering Construction Output by the Sewerage Industry in Great Britain,
2004-2008 46
27: Public and Private Civil Engineering Construction Output by the Sewerage Industry,
2004-2008 47
28: Civil Engineering Construction Output by the Electricity Industry in Great Britain,
2004-2008 51
29: Public and Private Civil Engineering Construction Output by the Electricity Industry,
2004-2008 51
30: UK Capital and Civil Engineering Expenditure by the Electricity Distribution Network Operators, 2002/03-2006/07 52
31: UK Capital and Civil Engineering Expenditure by the Electricity Generating Industry,
2002/03-2006/07 53
32: Civil Engineering Construction Output by the Gas Industry in Great Britain, 2004-2008 56
33: Public and Private Civil Engineering Construction Output by the Gas Industry, 2004-2008 57
34: UK 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, 2007-2008 58
36: 10 Largest Airports in the UK, 2003-2007 59
37: Civil Engineering Construction Output by the Air Transport Industry in Great Britain,
2004-2008 61
38: Public and Private Civil Engineering Construction Output by the Air Transport Industry,
2004-2008 62
39: Analysis of UK Investment in Airports, 2002-2006 62
40: Civil Engineering Construction Output by the Communications Industry in Great Britain,
2004-2008 64
41: Public and Private Civil Engineering Construction Output by the Communication
Industry, 2004-2008 64
42: Civil Engineering Construction Output by the Rail Transport Sector in Great Britain,
2004-2008 67
43: Public and Private Civil Engineering Construction Output by the Rail Industry,
2004-2008 68
44: Civil Engineering Construction Output by the Harbours and Waterways Sectors in
Great Britain, 2004-2008 69
45: Public and Private Civil Engineering Construction Output by the Harbours Industry,
2004-2008 69
46: Analysis of Public Road Infrastructure in Great Britain, by Type of Road, 2007 70
47: New Construction and Improvements of Roads, 2002/03-2006/07 71
48: Civil Engineering New Road Construction Output in Great Britain, 2004-2008 71
49: Public and Private Civil Engineering Construction Output In the Roads Sector,
2004-2008 72
50: Civil Engineering Output on Road Maintenance in Great Britain, 2004-2008 73
51: Government Expenditure on Road Maintenance in England and Wales, by Road Class
2002-2006 74
52: Seasonality of Civil Engineering, 2004-2008 75
53: Seasonality of Civil Engineering Output in the Water Sector, 2004-2008 75
54: Seasonality of Civil Engineering Output in the Sewerage Sector, 2004-2008 76
55: Seasonality of Civil Engineering Output in the Electricity Sector, 2004-2008 76
56: Seasonality of Civil Engineering Output in the Gas, Communications and Air Sector,
2004-2008 77
57: Seasonality of Civil Engineering Output in the Railways Sector, 2004-2008 77
58: Seasonality of Civil Engineering Output in the Harbours Sector, 2004-2008 78
59: Seasonality of Civil Engineering Output in the Roads Sector, 2004-2008 78
60: Analysis of Civil Engineering Output By Area, 2004-2008 79
61: Financial Analysis of AMEC, 2003-2007 85
62: Key Financial Ratios for AMEC, 2003-2007 85
63: Financial Analysis of Amey, 2000-2004 87
64: Key Financial Ratios for Amey, 2000-2004 88
65: Financial Analysis of Amey UK, 2004-2007 88
66: Turnover Analysis of Amey UK, by Segment, 2007 89
67: Key Financial Ratios for Amey UK, 2004-2007 89
68: Financial Analysis of Balfour Beatty, 2003-2007 92
69: Financial Analysis of Balfour Beatty by Segment, 2007 93
70: Key Financial Ratios for Balfour Beatty, 2003-2007 93
71: Financial Analysis of Birse Group, 2003-2007 94
72: Financial Analysis of Birse Construction, 2003-2007 95
73: Key Financial Ratios for Birse Construction, 2003-2007 95
74: Financial Analysis of Bovis Lend Lease, 2004-2008 97
75: Key Financial Ratios for Bovis Lend Lease, 2004-2008 97
76: Financial Analysis of Costain Group, 2003-2007 99
77: Key Financial Ratios for Costain Group, 2003-2007 100
78: Financial Analysis of Jarvis, 2004-2008 102
79: Key Financial Ratios for Jarvis, 2004-2008 103
80: Financial Analysis of John Laing, 2003-2007 105
81: Key Financial Ratios for John Laing, 2003-2007 105
82: Financial Analysis of Carillion (AM), 2002-2006 108
83: Key Financial Ratios for Carillion (AM), 2002-2006 108
84: Financial Analysis of Carillion, 2003-2007 111
85: Key Financial Ratios for Carillion, 2003-2007 112
86: Financial Analysis of J Murphy & Sons, 2002-2006 113
87: Key Financial Ratios for J Murphy & Sons, 2002-2006 114
88: Financial Analysis of Bam Nuttall, 2003-2007 115
89: Key Financial Ratios for Bam Nuttall, 2003-2007 115
90: Financial Analysis of Interserve, 2003-2007 118
91: Key Financial Ratios for Interserve, 2003-2007 118
92: Financial Analysis of Skanska UK, 2003-2007 120
93: Key Financial Ratios for Skanska UK, 2003-2007 120
94: Financial Analysis of McNicholas Construction Holdings, 2004-2008 122
95: Key Financial Ratios for McNicholas Construction Holdings, 2004-2008 123
96: Financial Analysis of Galliford Try Infrastructure, 2003-2007 124
97: Key Financial Ratios for Galliford Try Infrastructure, 2003-2007 125
98: Forecast Civil Engineering Construction Output in Great Britain, 2009-2013 131
99: UK Population, by Region, 2007-2025 132
100: Deadline for Implementation of Aspects of the Water Framework Directive 133
101: Total Capital Expenditure by Water and Sewerage Companies, 2005- 2010 134
102: Total Capital Expenditure by Water Only Companies, 2005- 2010 135
103: Total Proposed Capital Expenditure by Water Only Companies, 2010- 2015 136
104: Forecast UK Capital Expenditure on the Water and Sewerage Industry,
2007/08-2011/12 136
105: Forecast Civil Engineering Output for the Water Sector, 2009-2013 138
106: Forecast Civil Engineering Output for the Sewerage Sector, 2009-2013 140
107: Renewable Energy Projects, up to May 2007 142
108: Forecast Civil Engineering Output for the Electricity Sector, 2009-2013 144
109: Import Terminals Under Construction and Proposed Projects 145
110: Forecast Gas Supply and Demand, by Source, 2006/2007-2016/2017 147
111: Forecast Annual Supplies Level, by Terminal, 2006/2007-2010/2011 148
112: Forecast Annual Supplies Level, by Terminal, 2011/2012-2016/2017 148
113: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 149
114: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 150
115: Forecast Gas Distribution Total Capital Expenditure, 2007/08-2012/13 150
116: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2007/08-2012/13 151
117: Forecast Civil Engineering Construction Output for the Gas Sector, 2009-2013 151
118: Forecast Of Air Traffic Demand, at UK Airports 2005-2020 152
119: Forecast Civil Engineering Output for the Airport Transport Sector, 2009-2013 153
120: Forecast Civil Engineering Output for the Communications Sector, 2009-2013 155
121: Forecast Investment in Infrastructure Renewals by Network Rail, by Type,
2008/09-2013/14 156
122: Total Renewals and Maintenance Expenditure in CP4, Network Rail Strategic Business Update and ORR Assessment 157
123: Forecast Investment in Infrastructure Maintenance by Network Rail, 2008/09-2013/14 157
124: Selection of Network Rail Enhancement Projects in CP4s, 2008/08-2013/14 158
125: Forecast Civil Engineering Construction Output for the Rail Sector, 2009-2013 160
126: Forecast Civil Engineering Construction Output for the Harbours Sector, 2009-2013 161
127: Highways Agency Indicative Budget, 2008-09 162
128: Forecast Local Transport Capital Funding by Central Government, 2006/07-2010/11 162
129: Local Transport Funding by Central Government, 2006/07-2010/11 163
130: Forecast Civil Engineering Construction Output for the Roads Sector, 2009-2013 164
131: Forecast Civil Engineering Output for the Roads Maintenance Sector, 2009-2013 164
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