UK contractor finances 'unsustainable' as margins fall

摘要

The finances of the UK's main contractors are "unsustainable" at current levels, with firms suffering plummeting profit margins, declining cash balances and increasing supply chain pressures, a major new analysis has warned. The analysis by KPMG of more than a dozen of the UK's largest contractors, shared exclusively with Building, revealed the financial position of many firms remains weak, despite the industry's return to sustained growth following the recession, with operating margins in construction falling nearly 60% from a high of 2.8% across the industry in 2010 to an average of just 1.2% in 2013.