New analysis by Creditsafe reveals Travis Perkins, Britain’s biggest builders’ merchant, was the most searched for company in the UK in 2014, one of Eight of the 10 most searched companies in 2014 WHO offer infrastructure or construction services.
Travis Perkins was the most searched organisation by those completing credit reference and company checks in 2014, with 17% more searches than the second placed firm. Highlighting continued concerns over the volatility of specific UK industries, companies offering construction and infrastructure solutions occupy eight of the 10 places for most searched firms in 2014.
Travis Perkins Plc’s subsidiaries operate in typically cyclical market sectors vulnerable to ‘boom and bust’ economic trends.
Farnrise Construction Limited, the most searched for company in 2013 occupies second place in the 2014 count down. Farnrise entered into administration in April of 2014 after a sustained period of cash flow problems. The business had a turnover of £50 million and worked throughout the South of England. Creditsafe said Farnrise’s collapse highlights the importance of regular credit checks on even established enterprises; Farnrise had been in operation for over 20 years.
Top 10 most searched for companies in 2014 (2013 in brackets)
- Travis Perkins Plc (Up five places)
- Farnrise Construction Limited (Down one place)
- Tesco Plc (Up four places)
- Balfour Beatty Plc (New entry)
- Grafton Merchanting GB Limited (New entry)
- Mansell Construction (Down three places)
- Edmondson Electrical Limited (Up one place)
- Morgan Sindall Plc (Down three places)
- Spicers Limited (New entry)
- Wates Construction Limited (New entry)
Rachel Mainwaring Operations Director Creditsafe UK said:
“Companies operating in construction and infrastructure are likely to come under particular scrutiny from credit and finance professionals due to the volatility of those industries, which are extremely sensitive to house price movements and large scale public sector investment. Tesco’s rise up the most searched companies emphasises the uncertainty that surrounded the firm and its financial performance in 2014.”
“The research highlights the importance of regularly checking the financial performance of both newly incorporated and seemingly well-established enterprises. Farnrise’s collapse into administration highlights that even firms with a 20 year history with millions of pounds of revenues remain vulnerable to cash flow pressures.”
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.