Following Carillion’s liquidation, there are still three UK based construction companies in operation with an annual turnover exceeding three billion British pounds. As of 2017, Balfour Beatty was the largest of these with an annual revenue of 8.2 billion British pounds, nearly twice as much as the second largest entry. Overall, the production value of the industry amounted to roughly 288.9 billion euros in 2016.
As of the third quarter of 2017, the number of British construction firms totaled 314,590, with 260 of these firms employing 300 people or more each. Across the UK, there were 2.73 million people employed either directly or indirectly by the construction industry. By 2022, this was forecast to rise to 2.77 million.
The growth in production value of the industry is echoed in the number of new dwellings being commenced or completed. Since the financial crash in 2008, figures have been increasing in all countries. In England, the number of dwellings started amounted to more than 160,000 in 2017/18, with new housing commenced in Wales reaching 6,037. By comparison, the number of those completed totaled 172,400 in Great Britain.
