Financial Times says 2010 outlook is bleak for UK demolition contractors.
The UK’s demolition industry is preparing for a painful 2010 as inactivity in the commercial property building sector and soaring vacancy rates heap pressure on already weak demand.
According to the UK’s Financial Times, the five largest demolition companies – all of which are privately owned – have seen a fall in revenues over the past 18 months and there is a growing concern among them that a revival in the industry’s fortunes will lag behind any rebound in the wider construction sector.
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