Publication
Restructuring in the construction sector: what does the future hold?
Firms who secure advice early, plan ahead and proactively engage with customers and lenders will find they can weather this storm. Harry Walker Corporate Finance
Synopsis
The construction sector has faced significant challenges since the start of the pandemic, and ones that will take some time to resolve. In addition to initial site closures and the need to adapt to social distancing measures, severe disruption to global supply chains is now driving up the price of raw materials and causing delays. In some cases, steel orders are subject to as much as four months’ delay, while some wholesalers are now delivering supplies on allocation. At the same time, UK homeowners’ desires to improve their domestic environments after a series of lockdowns spent at home and a high level of activity in the housing market, are seeing exceptionally high demand across building products manufacturers and domestic building services. This is driving high growth opportunities, whilst also challenging these organisations to keep up with demand, and manage their supply chains to meet customer expectations.
Martyn Pullin Partner Restructuring Advisory Teesside +44 (0)164 291 7562 martyn.pullin@frpadvisory.com HarryWalker Partner Corporate Finance Leicester +44 (0)116 303 3253 harry.walker@frpadvisory.com
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