GLASGOW, SCOTLAND, May 02, 2012 (Press-News.org) According to a recent survey by the National Specialist Contractors Council in association with the School of the Built and Natural Environment at Northumbria University, flooring contractors fear a 'double dip' recession. The survey was carried out at the end of the last quarter of 2011.
There has been a significant rise in specialist flooring contractors reporting a severe fall in new contracts being won, at nearly 50% compared to just 37% in the previous quarter. This is an alarming finding, especially as general enquiries have also fallen according to over a third of those surveyed.
Only 57% of flooring contractors are working on public sector contracts compared to 67% in the third quarter of 2011, a fall of 10%. This knock on effect has been felt across the industry, causing increased fear of a downturn.
Many contractors are downsizing their business as a result, especially as there are further cutbacks in investment and uncertainty within the flooring industry.
Following the findings of the survey results, David Samuel of First Floors says 'Flooring contractors who have minimized their overheads, are investing in their workforce and are effectively managing their cash flow are able to future proof their business and maintain confidence in future trading figures. Although we have seen a downturn, investing in digital marketing has seen an increase in First Floors customer enquiries and we remain positive about the future of our business.
For more information about First Floor you can visit at http://www.first-floors.co.uk.
For more information about First Floor you can visit at http://www.first-floors.co.uk.
Flooring Contractor Figures are Alarming
According to a recent survey by the National Specialist Contractors Council in association with the School of the Built and Natural Environment at Northumbria University, flooring contractors fear a 'double dip' recession.
2012-05-02
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[Press-News.org] Flooring Contractor Figures are AlarmingAccording to a recent survey by the National Specialist Contractors Council in association with the School of the Built and Natural Environment at Northumbria University, flooring contractors fear a 'double dip' recession.