Profit Track 100

When CEO David Beardsmore joined Surrey-based building contractor Mansell in 1994, the business was a loss-maker. Beardsmore, who had worked in the US construction industry for some years, took the view that the UK construction industry was excessively price-driven and the contractor-client relationship too antagonistic. He set about trying to implement a more US-style approach at Mansell. While initial charges may be higher, Mansell believes it delivers a quality of product that ensures long-term savings on repair and maintenance. Profits have increased by 64% pa, from £1.1m in 1995 to £5.1m in 1998 with turnover growth of 53% pa in the same period. Mansell won the prestigious Contractor of the Year Award in 1998 sponsored by “Building” magazine and its clients include the Ministry of Defence and the British Airports Authority. In December 1997, it acquired Aberdeen-based construction company Hall & Tawse, turning Mansell into a truly nationwide building contractor with a 1998 turnover of £420.6m

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2000
Rank32
CompanyMansell
ActivityConstruction and property developer
LocationCroydon
Annual profit growth64.27%
Latest profits £000s5,089
Latest sales £000s420,643
Staff2,759
Founded1908
Websitewww.mansell.plc.uk

If applicable:

* supplied by company † annualised figure