Structure of the UK Construction Industry – August 2012

It’s been a while since my last post- I have been wholly consumed with work and other obligatory life commitments, but a poor show none the less. So as some kind of recompense, I thought I would take a look at some of the most recently published ONS construction data in some detail and upload some interesting charts.

The rather messy charts below (click on it to enlarge) represent data from the ONS Construction Statistics No. 13, 2012 Edition published 24th August 2012. Let’s start by looking at a snapshot of our industry constituents – total firms by trade and civil engineering firms (the field I work in most) in more detail…..

UK Construction Industry Structure 08/2012

UK Construction Industry Structure 08/2012

It would be interesting to visualise how the industry has changed shape over the years but having read some of the background information, it would seem that any shift would merely represent changes in the registers (the Builders Address File (BAF) pre 2010 and the Inter-Departmental Business Register (IDBR) from 2010). It should also be noted that the size of firms will not be entirely accurate – ‘firms’ are recognised as ‘reporting units’ so larger companies may report through a plethora of separate operating companies/regional units/divisions/etc.

The moral of the story…..don’t take all data and statistics at face value, especially summary headlines – context is everything.

Next post I’ll do a summary of the most useful construction industry indicators that I personally use on a monthly basis. Something to look forward to right?! I will try to provide some more interesting visualisations too!

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Construction Trade Survey Q2 2012

The latest Construction Trade Survey, published today, makes for bleak reading. The survey reports an industry wide decline across all measures including construction workloads, new orders and tender prices.

A good summary of the latest publication can be found on the Construction Index via the link below:

http://www.theconstructionindex.co.uk/news/view/no-olympic-feelgood-factor-for-construction

These results reiterate the sentiment of recent publications such as Volume of Construction Output and GDP collated by the ONS. Increasing pressure is being applied to the government to ‘enable’ more publically funded construction starts to inject some much-needed stimulus into our dwindling sector andthe UK economy.

Mouchel Share Performance and Rescue Package

Struggling infrastructure and business services group Mouchel recently announced that banks will exchange £87 million of liabilities for a majority stake in the firm as a form of equity swap. This will potentially help to evade insolvency action although, as a result, the group are likely to be delisted from the London Stock Exchange.

Mouchel floated on the Stock Exchange in 2002 and are listed in the FTSE Fledgling. Since spring 2011 share price has consistently fallen as shown the below charts illustrate.  If approved later this month, investors are set to receive a special dividend of just 1 pence per share.

Mouchel Shares August 2010 - August 2012

Mouchel Shares August 2010 – August 2012