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Contractors see turnover rocket

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BRITISH CIVILS contractors generated a massive £10bn turnover in 2004/05, according to figures supplied for the 2005 NCE Contractors File, published this week.

Two years ago almost three quarters of UK civils contractors felt the rate of growth in the market had to slow.

But the reality, as revealed in this year's File, has been a 24% increase in civils turnover since 2003 and a 35% increase on 2002.

Total civils turnover of the 125 firms listed in the file is a staggering £9.9bn compared to just £7.3bn three years ago. That averages out at £79M per fi rm.

The figures also show that turnover generated from road and rail work was £5.4bn last year, more than half of the total turnover earned.

This is up a giant £3.3bn on the £2.1bn spent in 2001, year one of the original 10 year transport plan.

Turnover keeps growing in most other sectors too. In airports it hit £500M for the first time, water and wastewater turnover was up £300M to £1.6bn, power and energy saw an increase from £160M to £390M, telecoms turnover soared from £55M to £216M, geotechnical turnover was up £80M to £198M and the figure from tunnelling was up £60M to £176M.

The NCE Contractors File 2005 is published with NCE this week.

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