Travis Perkins was the most searched for company in 2014, a new analysis by Creditsafe has revealed.
The builders’ merchant 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.
Farnrise Construction, the most searched for company in 2013, occupies second place in last year’s list. Farnrise entered into administration in April 2014. The business had a turnover of £50m and worked throughout the south of England completing projects in the education, social housing and healthcare sectors.
Top 10 most searched for companies in 2014:
- Travis Perkins
- Farnrise Construction
- Tesco
- Balfour Beatty
- Grafton Merchanting GB
- Mansell Construction
- Edmondson Electrical
- Morgan Sindall Plc
- Spicers Limited
- Wates Construction.
Rachel Mainwaring, operations director at 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 revenue, remain vulnerable to cash flow pressures.”
