Financial results: it's bad for Interserve, but how is construction faring in 2019?

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The UK contractors’ financial results are in. We know it’s been a bad year for Interserve, but how have the rest of them done?

Today, or hereabouts, should have been the moment of reckoning. Spring should have been Brexit season. And the entire past year should have been run-up-to-Brexit year. 

Firms across finance, manufacturing, agriculture and health have been bitterly banging on about Brexit and its implications for months. And yet construction firms hardly mentioned it in their results. It was there, sure, but it wasn’t near the top of what anyone had to say. 

That’s not because Brexit won’t affect the industry. Partly, it’s because nobody knows quite how it will, though: the availability of European labour is not a cliff-edge issue, and it’s hard to say what will happen to the price and prevalence of materials. But mostly it is because contractors are more concerned about the same-old problems as ever: getting margins up and problem jobs out. 

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