Creditsafe, an online provider of company credit information, says that eight of the 10 most searched companies on its site in 2014 are from the construction sector.
Builders鈥� merchant 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, Farnrise Construction.聽聽
Farnrise Construction had been the most searched for company in 2013. It went into administration in April 2014 after a sustained period of cash flow problems.聽
Balfour Beatty and its Mansell subsidiary occupied fourth and sixth place respectively, after their well-publicised financial difficulties. Wates Construction and Morgan Sindall are the other big construction names subject to above average credit checking in 2014.
Only the supermarket group Tesco and office equipment supplier Spicers could break up construction鈥檚 dominance of the top 10.
Top 10 most searched for companies in 2014 with Creditsafe (and 2013 comparison)
- Travis Perkins Plc聽聽 聽(up five places)
- Farnrise Construction Limited聽聽 (down one place)
- Tesco Plc聽聽 (up four places)
- Balfour Beatty Plc聽聽 (new entry)
- Grafton Merchanting GB Limited聽聽 (new entry)
- Mansell Construction Limited聽聽 (down three places)
- Edmondson Electrical Limited聽聽 (up one place)
- Morgan Sindall Plc聽聽 (down three places)聽听听听听听
- Spicers Limited聽聽 (new entry)
- Wates Construction Limited聽 聽(new entry)
Creditsafe UK operations director Rachel Mainwaring said:聽 鈥淐ompanies 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."
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