What does the future hold?
Conclusion
The coronavirus pandemic has accelerated a number of existing trends in the UK construction sector, exposing the vulnerabilities of many contractors and the UK’s reliance on overseas supply chains. In the short term, many firms will be preoccupied with accessing the supplies and staff they need to fulfil their contracts, with no lack of demand for their services. But the sector is effectively experiencing hyperinflation, bringing significant planning challenges and the threat of overtrading. That said, scheduled infrastructure spending and high levels of demand in the domestic improvement market offer the opportunity to create pipeline security for the months ahead, and opportunities for consolidation and high growth exist for businesses able to balance demand and supply challenges. Those firms who secure advice early, plan ahead and proactively engage with customers and lenders will find they can weather this storm and flourish in the future.
The coronavirus pandemic has accelerated a number of existing trends in the UK construction sector, exposing the vulnerabilities of many contractors and the UK’s reliance on overseas supply chains. Martyn Pullin Restructuring Advisory
Restructuring Advisory
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