Highways England contracts have boosted Galliford Try’s earnings
Market analyst Barbour ABI has produced its September league table of the top 50 contractors in the UK, with Galliford Try leaping 21 places to top spot.
The contractor successfully pitched for 17 new projects, with an impressive total of £965 million (€1.08 billion). Barbour said the company’s most significant awards came from Highways England, with two schemes totalling £500 million (€561.5 million) for major road improvement works.
Balfour Beatty placed second, with only two new project wins, but a total value of £550 million (€617 million), thanks to a hefty award from the controversial High Speed 2 (HS2) rail project. Balfour Beatty will work on the project’s West Old Oak Common Central Transport Super Hub.
This put the company ahead of Vinci Construction, which was awarded five projects totalling £541 million (€607 million).
Barbour also keeps a rolling 12-month table, which currently has the September table toppers reversed, with Balfour Beatty in the number one spot, its 50 projects totalling £1.9 billion (€2.13 billion).
Galliford Try is currently in second place, with its 90 projects totalling £1.8 billion (€2.02 billion).
Tom Hall, chief economist at Barbour ABI & AMA Research, said, “Despite the announcement of HS2 delays of up to seven years from the transport secretary last month, much of the more notable league table activity for September were a result of HS2 related contract awards. Not only has it catapulted Balfour Beatty and Vinci into the top three contractors, HS2 were the top client for September and Wilkson Eyre Architects were the top architects firm who are also involved in the HS2 project.”
Download a free version of the Top 50 league table here.