BENEFIT TRIP
Pre-tax profit reported by Esh Group in its annual financial results for 2022, up from £530,000 the previous year. Turnover rose to £261m, up 2.4% or £6m on 2021. Esh chief executive Andy Radcliffe said: “Our focus on targeting key sectors with a lower risk profile has provided us with a finely balanced income portfolio that has served to insulate us from the extremes of challenges experienced by the industry in general”.
CHINA’S CRISIS
“Macroeconomic issues” contributed to the fall in turnover and profits at Chinese state-owned BCEGI UK. The Manchester Airport-based company posted a pre-tax loss after revenue plunged 61 per cent in the year to 31 December 2022.
WE ARE BOOST
The majority of construction SMEs improved their turnover between July and September this year, while 43% of SMEs expect turnover to increase in the fourth quarter, according to Paragon Bank. 3Q 2023: Investing for success research project.
INFLATION FORECAST
Tender price inflation in 2024 will fall from 3% to 2% in London and from 3.5% to 2.5% in the rest of the UK, according to Mace’s latest forecast.
£7.6 million
The average budget overrun for UK construction projects, according to a Yardlink survey of 250 procurement executives.
85%
The Builders Merchants Federation’s target adoption rate for its product data standardization template, designed to avoid inconsistent content and formats.
More than 1,000
The number of construction site inspections carried out between May and July by the HSE in its Dust Kills health campaign.
105 million pounds
The building value of a new rehabilitation center at Nottingham University Hospital, to be built by Vinci and Sir Robert McAlpine.
PRODUCTIVITY PLAN
Average productivity per construction worker lags behind the UK economy. but measures such as investment in digital technologies could increase productivity by 25%, according to a new report from the Construction Management Board.
