SIGNIFICANT VARIATION exists in company performance across the construction industry, according to a recent report published by market analayst Plimsoll Portfolio Analysis.
The best performing contractor recorded a 16.5% pre-tax profit, while the average pre-tax profit margin was found to be 1.9%. Some 17% of the 2646 companies analysed failed to make profit.
Plimsoll's analysis suggests that size does count, with larger companies (identified as those turning over in excess of £28M), generally operating at slightly higher margins than smaller companies. Nearly 40% of loss makers turned over less than