TABLE OF CONTENTS
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 5
2.1 Definitions 6
2.2 Methodology 8
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 Housing 32
3.3.1.1 Public Housing 40
3.3.1.2 Private Housing 42
3.3.3 Public Non-residential 44
3.3.4 Private Industrial 48
3.3.5 Private Commercial 50
3.3.6 Repair & Maintenance 55
3.4 Seasonality of Sales 64
3.5 Regional Sales 68
4. INDUSTRY STRUCTURE 74
4.1 Chapter Summary 75
4.2 Industry Development 75
4.3 Company Profiles 80
4.3.1 Amey 81
4.3.2 Balfour Beatty 84
4.3.3 Barratt Developments 89
4.3.4 Bovis Lend Lease 91
4.3.5 Carillion 93
4.3.5.1 Carillion Construction 96
4.3.5.2 Carillion AM (formerly Alfred McAlpine) 98
4.3.6 Costain Group 100
4.3.7 Galliford Try 103
4.3.8 Interserve 105
4.3.9 John Laing 108
4.3.10 Kier Group 111
4.3.11 Persimmon 113
4.3.12 Skanska UK 115
4.3.13 Taylor Wimpey 117
4.3.13.1 George Wimpey 119
4.3.13.2 Taylor Woodrow Construction 121
5. MARKET FORECAST 124
5.1 Chapter Summary 125
5.2 Market Overview 126
5.3 Housing 130
5.4 Public Non-residential 136
5.5 Private Industrial 139
5.6 Private Commercial 142
5.7 Repair & Maintenance 146
6. FURTHER SOURCES & CONTACTS 152
6.1 Trade Associations 153
6.2 Trade Magazines 155
6.3 Trade Exhibitions 159
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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, 2004-2008 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, 2004-2008 29
8: Construction Output in Great Britain, by Type, 2004-2008 31
9: Analysis of the Allocation of the Sustainable Communities £22 Billion Resources,
2003-2006 36
10: Analysis of New Public Housing Construction Output in Great Britain, 2004-2008 41
11: Public Housing Starts and Completions in Great Britain, 2004-2008 42
12: Analysis of Private Housing Construction Output in Great Britain, 2004-2008 43
13: Private New Housing Starts and Completions in Great Britain, 2004-2008 43
14: Analysis of Public Sector Non-Residential Construction Output in Great Britain,
2004-2008 46
15: Analysis of Public Sector Non-Residential Construction in Great Britain, by Type,
2004-2008 47
16: Analysis of Private Industrial Construction Output in Great Britain, 2004-2008 49
17: Analysis of Private Industrial New Construction Work in Great Britain, By Sector
2004-2008 49
18: Analysis of Private Commercial Construction Output in Great Britain, 2004-2008 53
19: Analysis of Private Commercial Construction in Great Britain, by Type, 2004-2008 54
20: Analysis of Repair & Maintenance Output in Great Britain, 2004-2008 56
21: Pathfinder Funding Allocations, 2002-2008 60
22: Analysis of Repair & Maintenance Output in the Public Housing Sector in Great Britain, 2004-2008 61
23: Analysis of Repair & Maintenance Output in the Private Housing Sector in Great Britain, 2004-2008 63
24: Analysis of Repair & Maintenance Output in the Public Non-Residential Sector in Great Britain, 2004-2008 63
25: Analysis of Repair & Maintenance Output in the Private Non-Residential Sector in Great Britain, 2004-2008 64
26: Seasonality of Public Housing Output, 2004-2008 64
27: Seasonality of Private Housing Output, 2004-2008 65
28: Seasonality of Public Non-residential Construction Output, 2004-2008 65
29: Seasonality of Private Industrial Construction Output, 2004-2008 65
30: Seasonality of Private Commercial Construction Output, 2004-2008 66
31: Seasonality of Public Housing Repair & Maintenance Output, 2004-2008 66
32: Seasonality of Private Housing Repair & Maintenance Output, 2004-2008 67
33: Seasonality of Public Non-residential Repair & Maintenance Output, 2004-2008 67
34: Seasonality of Private Non-residential Repair & Maintenance Output, 2004-2008 68
35: Regional Public Housing Construction Output, 2004-2008 68
36: Regional Private Housing Construction Output, 2004-2008 69
37: Regional Public Non-residential Construction Output, 2004-2008 69
38: Regional Private Industrial Construction Output, 2004-2008 70
39: Regional Private Commercial Construction Output, 2004-2008 71
40: Regional Housing Repair & Maintenance Output, 2004-2008 71
41: Regional Public Non-residential Repair & Maintenance Output, 2004-2008 72
42: Regional Private Non-residential Repair & Maintenance Output, 2004-2008 73
43: Regional Value of Total New Construction Output, 2004-2008 73
44: Development of the Construction Industry, by Number of Companies, 1997-2007 76
45: Development of Main Trades and Specialist Contractors, by Number of Companies,
1997-2007 76
46: Analysis of the Financial Structure of the Construction Industry, 2007 and 2008 77
47: Analysis of the Financial Structure of the General Construction of Buildings and Civil Engineering Works Industry, 2007 and 2008 78
48: Analysis of the Employment Structure of the Construction Industry, 2007 and 2008 78
49: Analysis of the Employment Structure of the General Construction of Buildings and
Civil Engineering Works Industry, 2007 and 2008 79
50: Analysis of Companies Involved in the Construction Industry, by Type of Company,
2007 80
51: Financial Analysis of Amey, 2000-2004 82
52: Key Financial Ratios for Amey, 2000-2004 83
53: Financial Analysis of Amey UK, 2004-2007 83
54: Turnover Analysis of Amey UK, by Segment, 2007 84
55: Key Financial Ratios for Amey UK, 2004-2007 84
56: Financial Analysis of Balfour Beatty, 2003-2007 87
57: Financial Analysis of Balfour Beatty by Segment, 2007 88
58: Key Financial Ratios for Balfour Beatty, 2003-2007 88
59: Financial Analysis of Barratt Developments, 2003-2007 90
60: Key Financial Ratios for Barratt Developments, 2003-2007 91
61: Financial Analysis of Bovis Lend Lease, 2003-2007 92
62: Key Financial Ratios for Bovis Lend Lease, 2003-2007 93
63: Financial Analysis of Carillion, 2003-2007 96
64: Key Financial Ratios for Carillion, 2003-2007 96
65: Financial Analysis of Carillion Construction, 2002-2006 97
66: Key Financial Ratios for Carillion Construction, 2002-2006 97
67: Financial Analysis of Carillion (AM), 2002-2006 100
68: Key Financial Ratios for Carillion (AM), 2002-2006 100
69: Financial Analysis of Costain Group, 2003-2007 102
70: Key Financial Ratios for Costain Group, 2003-2007 103
71: Financial Analysis of Galliford Try, 2003-2007 105
72: Key Financial Ratios for Galliford Try, 2003-2007 105
73: Financial Analysis of Interserve, 2003-2007 107
74: Key Financial Ratios for Interserve, 2003-2007 108
75: Financial Analysis of John Laing, 2003-2007 110
76: Key Financial Ratios for John Laing, 2003-2007 111
77: Financial Analysis of Kier Group, 2003-2007 113
78: Key Financial Ratios for Kier Group, 2003-2007 113
79: Financial Analysis of Persimmon, 2003-2007 114
80: Key Financial Ratios for Persimmon, 2003-2007 115
81: Financial Analysis of Skanska UK, 2003-2007 117
82: Key Financial Ratios for Skanska UK, 2003-2007 117
83: Financial Analysis of Taylor Wimpey, 2003-2007 118
84: Key Financial Ratios for Taylor Wimpey, 2003-2007 119
85: Financial Analysis of George Wimpey, 2002-2006 120
86: Key Financial Ratios for George Wimpey, 2002-2006 120
87: Financial Analysis of Taylor Woodrow Construction, 2002-2006 122
88: Key Financial Ratios for Taylor Woodrow Construction, 2002-2006 123
89: Forecast Construction Output in Great Britain, 2009-2013 127
90: Forecast Construction Output in Great Britain, 2009-2013 128
91: Forecast Private Housing Output in Great Britain, 2009-2013 135
92: Forecast Public Housing Output in Great Britain, 2009-2013 135
93: Forecast Public Non-residential Construction Output in Great Britain, 2009-2013 138
94: Forecast of Public Non-residential Construction in Great Britain, by Type, 2009-2013 139
95: Forecast Private Industrial Construction Output in Great Britain, 2009-2013 140
96: Developments under Construction, by Region, January 2008 141
97: Forecast of Private Industrial New Construction Work in Great Britain, By Sector
2009-2013 141
98: Forecast Private Commercial Construction Output in Great Britain, 2009-2013 145
99: Forecast of Private Commercial Construction in Great Britain, by Sector, 2009-2013 146
100: Forecast Repair & Maintenance Construction Output in Great Britain, 2009-2013 147
101: Forecast Repair & Maintenance Construction Output in Great Britain, by Type,
2009-2013 147
102: Forecast Repair & Maintenance Output in the Public Housing Sector in Great Britain,
2009-2013 149
103: Forecast Repair & Maintenance Output in the Private Housing Sector in Great Britain,
2009-2013 150
104: Forecast Repair & Maintenance Output in the Public Non-residential Sector in Great
Britain, 2009-2013 150
105: Forecast Repair & Maintenance Output in the Private Non-residential Sector in Great
Britain, 2009-2013 151
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