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Lectricalelectrical Contractorscontractors 20032003 Sponsoredsponsored Byby TopTop 5050 electricalelectrical contractorscontractors 20032003 SponsoredSponsored byby lectricallectrical times Growth in profits Shepherd Engineering Services and Life J Smith & Sons eclipse everyone in the Growth Top 50 Contracting Latest Previous Growth in growth in electrical profits table, reporting in profit rank company electrical electrical electrical 1,400 and 1,203% growth respectively. goes on rank profit profit However, both firms were building on a 1 16 Shepherd Engineering Services 1,500 100 1400.00% low profits base from last year, which puts 2 48 J Smith & Sons 150 12 1202.61% their results into perspective. Fluctuating stock markets, the 3 14 Hills Electrical & Mechanical 2,504 771 224.74% While only five firms reported growth ongoing Euro debate and 4 37 D H Morris Group 505 193 161.85% greater than 100% in 2002, 12 insecurity following the Gulf conflict 5 38 = Goodmarriott & Hursthouse 1,300 502 159.18% companies do so this year. have contributed to mixed results 6 45 Wessex Electricals (Shaftsbury) 930 379 145.17% in this year’s survey – but ultimately 7 44 RTT Engineering Services 476 200 138.00% Note: This table is based solely on little has changed. 8 30 Watson Norie 1,040 438 137.22% those companies in the Top 50 for 9 46 Vallectric 551 239 130.55% which data was available – achieving at The stuttering economy has 10 40 Elequip Projects 891 399 123.31% Growth in turnover least 1% return on sales in their affected everyone in the 11 17 Dudley Bower Services 1,682 807 108.43% previous financial year and recording a contracting industry, but most of Growth in Top 50 Contracting Latest Previous Growth 12 29 Dodd Group 2,835 1,376 106.04% positive year-on-year profit growth. those in our Top 50 have turnover rank company electrical electrical in 13 24 EIC 1,210 648 86.73% maintained their positions and are rank turnover turnover turnover 14 41 = The Giffen Group 550 342 60.82% reporting similar results to last year. 15 11 Planned Maintenance Engineering 2,600 1,700 52.94% 1 38 = Goodmarriott & Hursthouse 24,000 10,752 123.22% Electrical Times’ annual 16 32 Longcross Engineering 1,100 720 52.78% 2 14 Hills Electrical & Mechanical 93,491 65,489 42.76% 17 7 Southern Electrical Contracting 13,500 9,400 43.62% supplement – sponsored by 3 45 Wessex Electricals (Shaftsbury) 16,665 11,910 39.93% 18 2 Emcor Drake & Scull 5,657 4,017 40.83% Schneider Electric – shows the 4 44 RTT Engineering Services 16,950 12,500 35.60% 19 50 R F Webb & Son 161 119 35.58% success stories of the past year 5 30 Watson Norie 36,194 27,139 33.36% 20 3 Lorne Stewart 4,802 3,621 32.62% 21 10 T Clarke 10,796 8,425 28.15% and highlights the problems 6 13 Axima Building Services 97,130 76,552 26.88% 22 35 Parkersell 3,193 2,664 19.83% experienced by firms throughout = 7 38 Project Solutions 24,000 19,000 26.32% 23 43 PIP Electrics 513 437 17.39% 2002. 8 48 J Smith & Sons 13,805 11,100 24.37% Again, it has been difficult for 24 38 = Project Solutions 1,400 1,200 16.67% 9 3 Lorne Stewart 234,649 192,146 22.12% 25 1 N G Bailey & Co 2,651 2,425 9.32% firms involved in mechanical, 10 34 Murphy 32,834 27,000 21.61% electrical and IT sectors to 11 25 MEB Contracting 47,000 40,000 17.50% Profit per employee separate their profits and turnover 12 29 Dodd Group 40,143 34,463 16.48% Profit per Top 50 Contracting Latest Total Profit per – with many of the multi- 13 40 Elequip Projects 18,575 16,112 15.29% disciplinary businesses finding it employee rank company electrical electrical employee 14 21 Rosser & Russell Building Services 51,100 44,700 14.32% rank profit employees (£s) hard to gauge their performance in 15 24 EIC 48,970 43,110 13.59% electrical contracting alone. 1 41 = Farebrother 2,070 90 23,000 16 15 MJN Colston, EI/WHS 85,000 75,000 13.33% 2 4 Skanska Rashleigh Weatherfoil 9,885 867 11,401 NG Bailey heads the Top 50 17 32 Longcross Engineering 34,000 30,000 13.33% 3 10 T Clarke 10,796 1,213 8,901 chart for the fourth consecutive 18 43 PIP Electrics 17,591 15,570 12.98% 4 6 Haden Young 11,160 1,611 6,927 year, although while group turnover 19 47 Wingate Electrical 14,079 12,496 12.67% 5 40 Elequip Projects 891 132 6,750 6 38 = Goodmarriott & Hursthouse 1,300 205 6,341 has risen by around £30m, profit 20 28 W T Parker 40,299 35,994 11.96% 7 31 Phoenix Electrical Co 1,349 222 6,077 remains similar to 2002 figures. 21 2 Emcor Drake & Scull 329,971 295,692 11.59% 8 29 Dodd Group 2,835 492 5,762 The top 10 firms have been 22 37 D H Morris Group 26,100 23,664 10.29% jostling for position but there are no 9 18 Forth Electrical Services (FES) 3,960 690 5,739 23 33 Boulting Group 33,000 30,000 10.00% 10 7 Southern Electrical Contracting 13,500 2,387 5,656 new entries. Skanska Rashleigh 24 4 Skanska Rashleigh Weatherfoil 201,601 183,410 9.92% 11 35 Parkersell 3,193 649 4,919 Weatherfoil shows the greatest 25 10 T Clarke 143,990 131,795 9.25% 12 34 Murphy 2,162 466 4,638 improvement, moving up two 26 46 Vallectric 14,100 12,924 9.10% 13 45 Wessex Electricals (Shaftsbury) 930 204 4,560 14 47 Wingate Electrical 757 177 4,275 places to four. 27 1 N G Bailey & Co 381,868 351,419 8.66% Farebrother keeps the top spot for profit per employee, building on last year’s 15 32 Longcross Engineering 1,100 270 4,074 Planned Maintenance 28 27 David Webster/Weblight 44,868 43,002 4.34% £15,857. Electrical profit is down slightly 16 38 = Project Solutions 1,400 400 3,500 Engineering is this year’s highest 29 11 Planned Maintenance Engineering 133,600 128,500 3.97% although it has shed 50 staff in the past 17 19 Seeboard Contracting Services 2,200 640 3,438 new entry at 11 while Shepherd 30 8 Balfour Kilpatrick 172,000 167,000 2.99% Engineering Services is highest 12 months – and has only half the 18 43 PIP Electrics 513 152 3,375 31 23 Eastern Contracting 49,064 47,926 2.37% number of employees it boasted two 19 44 RTT Engineering Services 476 154 3,091 climber – moving 15 places up the 20 16 Shepherd Engineering Services 1,500 550 2,727 table to 16. years ago. Skanska Rashleigh Weatherfoil remains 21 36 GTIE 1,303 483 2,698 Thanks to all the companies that Goodmarriott & Hursthouse grabs the headlines this 22 41 = The Giffen Group 550 205 2,683 in second place, with exactly the same year, announcing a 123% growth in turnover – nearly 23 46 Vallectric 551 225 2,449 returned the questionnaire and profit per employee as last year (£11,401) three times greater than Hills Electrical in second place. 24 24 EIC 1,210 517 2,340 took part in the survey. While every despite recruiting 25 staff. effort has been made to Its performance has helped the company climb the Top 25 14 Hills Electrical & Mechanical 2,504 1,087 2,303 50 table by seven positions, taking it to 38th place. 26 30 Watson Norie 1,040 575 1,809 ensure the accuracy of 27 21 Rosser & Russell Building Services 730 427 1,710 the results, Electrical 28 2 Emcor Drake & Scull 5,657 3,775 1,499 Times accepts no 29 27 David Webster/Weblight 837 604 1,386 responsibility for any 30 11 Planned Maintenance Engineering 2,600 1,979 1,314 errors or omissions. Note: this table is based solely on those Note: This table is based solely on 31 50 R F Webb & Son 161 145 1,112 companies in the Top 50 for which data was those Top 50 companies for which 32 37 D H Morris Group 505 455 1,110 available (excluding estimates) recording a positive figures were available. 33 49 Harry Carr 200 194 1,031 34 1 growth in turnover. All financial figures are £000s. All financial figures are £000s. N G Bailey & Co 2,651 2,928 905 35 48 J Smith & Sons 150 260 576 II Electrical Times • August 2003 Sponsored by Schneider Electric Sponsored by Schneider Electric Electrical Times • August 2003 III Top 50 electrical contractors 2003 Latest Previous Contracting company Parent company Latest Latest Latest Latest Latest Latest Financial Previous Previous Previous Previous Previous Previous rank rank group group group electrical electrical electrical year group group group electrical electrical electrical turnover profit employees turnover profit employees end turnover profit employees turnover profit employees 1 1 N G Bailey & Co The N G Bailey Organisation Ltd 448,894 7,268 4,558 381,868 2,651 2,928 Feb-02 416,235 7,532 4,479 351,419 2,425 3,191 1 2 2 Emcor Drake & Scull Emcor Drake & Scull Group Plc n/a n/a n/a 329,971 5,657 3,775 Dec-01 n/a n/a n/a 295,692 4,017 3,376 2 3 3 Lorne Stewart Lorne Stewart Plc 234,649 4,802 n/a 234,649 4,802 n/a Dec-02 192,146 3,621 2,537 192,146 3,621 2,537 3 4 6 Skanska Rashleigh Weatherfoil Skanska Construction Group 1,350,000 39,400 n/a 201,601 9,885 867 Dec-02 1,350,000 27,700 n/a 183,410 11,730 842 4 5 5 Interserve (Facilities Services) Interserve Plc 1,129,000 49,100 11,585 200,000 (e) n/a n/a Dec-02 1,273,300 53,600 13,263 n/a n/a n/a 5 6 4 Haden Young Haden Young Ltd 196,990 11,160 1,611 196,990 11,160 1,611 Dec-02 204,730 11,090 1,578 204,730 11,090 1,578 6 7 7 Southern Electrical Contracting Scottish & Southern Energy Plc 4,065,300 616,000 9,474 173,500 13,500 2,387 Mar-03 4,005,600 585,700 9,354 176,400 9,400 2,342 7 8 9 Balfour Kilpatrick Balfour Beatty Group Ltd 1,709,300 70,700 12,360 172,000 n/a 1,848 Dec-02 1,534,700 34,000 11,855 167,000 n/a 2,147 8 9 8 ABB Building Systems ABB Group n/a n/a n/a 150,000 (e) n/a n/a Dec-02 n/a n/a n/a n/a n/a n/a 9 10 10 T Clarke T Clarke Plc 143,990 10,796 1,213 143,990 10,796 1,213 Dec-02 131,795 8,425 1,075 131,795 8,425 1,075 10 11 - Planned Maintenance Engineering Planned Maintenance Engineering 133,600 2,600 1,979 133,600 2,600 1,979 Dec-02 128,500 1,700 1,855 128,500 1,700 1,855 11 12 12 MITIE MITIE Group Plc 518,852 30,357 24,267 125,000 (e) n/a n/a Mar-02 415,375 25,075 22,068 n/a n/a n/a 12 13 n/a Axima Building Services Groupe Fabricom s.a.
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