Although the report acknowledges an overall slowdown in the market due to Brexit, it also details a 6.3% growth in 2016 and an expected further increase of 4.5% when the 2017 figures are finalised. This is attributed to the “strong demand across multiple client sectors”. The latest rankings of the top environmental consultancy service providers, including RSK, which ranked eighth, have been greatly affected by “the recent wave of industry mergers and acquisitions”.
In RSK’s case, the acquisition of ADAS in December 2016 was a major contributing factor to its rankings, predominantly rises, and the article mentions this. ADAS was previously a top-30 environmental consultancy in its own right (placed 26th by Environment Analyst in 2016). Our latest acquisitions of Acies, KMG, Cole Jarman, Ian Farmer Associates, CJ Associates and Up and Under, and the merger with RSKW will be reflected in the 2018 report.
The report also mentions that “seven of the Top 30 achieved substantial (>20%) growth in their UK EC [environmental consultancy] turnover during this period (including both acquisition-related and organic growth)”, which includes RSK. The company saw the third highest annual change in revenue out of the top-30 companies with a 34.6% increase.
Looking forward, the report predicts that overall market growth will “continue in 2017 and into 2018, albeit at a slowing rate as the UK’s bulging pipeline of infrastructure opportunities and growing emphasis on house building are weighed down by Brexit jitters”.
“Overall, the UK EC market is expected to reach £1.87bn by 2021, up 13% from 2016 in spite of Brexit risks,” the article concludes.
RSK’s full rankings and more information about the Market Assessment Report are available in a previous article, ‘Environment Analyst’s Market Assessment Report: Ranking rises’. Subscribers can view the full Market Assessment Report on the Environment Analyst website.