As Brexit Looms EU-Based Construction Giants Bid for UK Construction Projects Worth £9 billion

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 As Brexit Looms EU-Based Construction Giants Bid for UK Construction Projects Worth £9 billion

Seven of the ten biggest construction companies working in the UK, which have their headquarters elsewhere in the EU, have placed bids on future construction projects worth more than a combined £9 billion, according to industry analysts Barbour ABI, as the vote to stay or go from the EU is now just under a month away.

Construction giants, such as Amey, Bouygues and Skanska have long-established presences in the UK, but have their central headquarter operations located in other EU countries. With major infrastructure projects such as HS2 in the upcoming pipeline for many in the industry, the Brexit situation has not stopped seven of these ten companies bidding for a combined 71 projects as a main contractor, including 5 major HS2 projects, each worth over a billion pounds.

Between January 2015 and April 2016, the ten biggest construction companies in the UK (based on 2014/2015 turnover) with EU headquarters that excludes Britain, won a combined £7.3 billion worth of construction contracts in the UK, with the likes of Vinci Construction’s UK arm representing 30 per cent (£2bn) of its European turnover outside of its native France.

Commenting on the figures, Michael Dall, lead economist at Barbour ABI, said: “These ten companies already have well-established UK arms, however an EU referendum could bring about a change in the business environment, which may make these multi-national businesses potentially think about their future construction pipelines in the UK market.

“If the referendum is in favour of Brexit, there could be possible ramifications for these ten companies, alongside other EU-based construction firms who work in the UK. It could also cause potential issues for big ticket projects such as HS2, which have EU-based companies launching million pound bids to work on the development.”

 

Top Ten Biggest
Construction Companies
in the UK with
EU headquarters

(Based on 2014/15 turnovers)

Notes

Jan 15 - April 16

Construction Contracts
Awarded

Value of
Contracts

Amey Group

Owned by Spanish company Ferrovial
 SA since 2003

38

£312,371,740

Bouygues

Headquarters in Paris, France

31

£1,165,338,670

Dragados S.A.

Owned by Spanish company ACS

1

£525,000,000

Skanska

Headquarters in Stockholm, Sweden

37

£1,026,585,000

Alstorm

Headquarters in Paris, France

3

£129,000,000

Vinci Construction

Headquarters in Paris, France

(UK arm represents 30%(£2bn) of European turnover outside of France)

77

£2,904,906,000

VolkerWessels

Headquarters in Rotterdam, Netherlands

62

£611,142,426

John Sisk & Son

Headquarters in Dublin, Ireland

17

£453,709,000

Ballymore Properties

Headquarters in Dublin, Ireland

3

£186,908,000

Engie (formerly Cofely)

Headquarters in Paris, France

3

£3,700,000

 

TOTAL

272

£7,318,660,836

 

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