There has been plenty in the press this week about the doom and gloom surrounding the construction industry:
- UK construction industry ‘won’t grow’ until 2014
- Almost 1,000 construction companies out of business in past three months
We manufacture and supply materials to the UK construction industry and are definitely seeing a growing level concern regarding the lack of new projects to replace the large schemes such as the Olympic that are nearing their completion.
As a manufacturer we supply to all spectrums of the UK construction industry, from the small domestic builder to the large national contractor so we get a quite good snap shot of what is going on in UK construction.
So whilst we have seen this growing level of concern regarding the lack of new large construction projects, what we are seeing is a steady stream of building conversions and refurbishments.
So whilst the banks are still not lending and everyone has become so much more cautious with their cash, the fact is that business, individual families and organisations are growing or shrinking, thus requiring changes in the buildings in which they are living or operating out of.
This does not change the fact that things are tough and that there are more companies now chasing less work; but the glimmer of hope for us and many other companies out there is that economical products and services suited to retrofitting to existing building are still in demand.
Two of the product areas for us that are doing well are green roofs and support pads for suspended decking and paving; these are both adaptable economical systems that can be easily added to existing buildings to help improve appearance, and therefore are still proving to be popular.
So it just looks like we are going to have to keep on innovating, meeting the demand that is out there, doing a great job and fighting for the work that is there. Times do not stay tough forever, and what does not kill you makes you stronger!