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Contractors World  - UK & Ireland
2013 Vol 3 No 3
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CONSTRUCTION • NEWS & ECONOMY

205 Plant Hire firms braced for takeover cont

  • One in 4 companies are running at a loss
  • 220 of the 1000 businesses analysed have seen their debts increase

Pattison continued: “Then, on the other hand, 205 businesses in the plant hire market are showing classic acquisition criteria. They are all declining in financial strength, many have an aging board and are still privately owned.

These companies will need the support of their current owners or investment to ensure they have a future and many have acquisition potential. Given the circumstances, it’s quite possible that perhaps some of the directors will be looking to retire or even consider a sale.”

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Plimsoll Analysis

Photo: Sarah777

Contractors World - Infrastructure The Only Light In Ireland’s Bleak Construction Market

Infrastructure The Only Light In Ireland’s Bleak Construction Market

Tough economic times have seen a decline across Ireland’s construction industry, but the infrastructure sector is set to record positive growth between 2013 and 2017

Despite a significant decline in the Irish construction industry – a CAGR of -28.25% between 2008 and 2012 – infrastructure construction is projected to record a CAGR of 1.03% between 2013 and 2017.

This growth can primarily be attributed to various transport plans and government initiatives that are seeking to stimulate the economy.

• Residential Construction

Depressed economic conditions as a result of austerity measures are making it difficult for Irish households to repay housing debt. Furthermore, prospective buyers – especially those taking their first steps onto the property ladder – are finding it difficult to secure mortgages without being asked to pay often prohibitively large deposits.

Consequently, despite residential construction being the largest construction market in Ireland – accounting for 34.7% of total construction output in 2012 - it was also one of the worst performing between 2008 and 2012, recording a CAGR of -29.37%.

• Commercial Construction

Customer spending in Ireland has been rendered cautious by high unemployment, low wage growth, and a depressed economic outlook.

Combined with business’ fear of making large investments as a result of government spending cuts and tax hikes, this has had a significantly detrimental effect on Ireland’s commercial construction market, which recorded the most significant decline of all sectors: a CAGR of -32.93% between 2008 and 2012.

• Industrial Construction

Uncertainty in the global economy had a negative effect on exports, affecting the manufacturing industry in particular.

This, coupled with the more general economic malaise, saw the Irish industrial construction sector record a CAGR of -31.36% between 2008 and 2012 – the second largest decline of all Irish construction markets.

The Light In Ireland’s Construction

Although all sectors of Irish construction registered negative growth between 2008 and 2012, a low benchmark interest rate, various transport plans, and government initiatives to stimulate the economy are expected to encourage growth in the infrastructure sector between 2013 and 2017.

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