On the surface, the construction sector in the UK looks to be among those that are recovering best from the COVID-19 pandemic. Companies have seemingly sussed out how to operate within the confines of social distancing restrictions and business appears to be growing again despite the ongoing pandemic.
Figures for February show that activity in the sector is up, with the IHS Markit/CIPS UK Construction PMI rising from 49.2 to 53.3, well over the growth threshold of 50 and the biggest rise in activity since September last year.
Meanwhile, the spring budget brought with it a raft of stimuli, from the super-deduction tax break to the £12bn apprenticeship fund, that will be of direct benefit to the construction sector.
However, beneath the surface a triple threat of factors means that this fledgling recovery may be standing on far shakier foundations than it seems – and that could spell valuable acquisition opportunities for those with the cash to do deals.
Reverse charge VAT
A coming wave
What are the main acquisition opportunities?
An opportunity has arisen to acquire a highly lucrative general store, post office and cafe prime village, South Lanarkshire.
Seeking an acquisitive trade buyer for this established supplier of a specialist distributor of industrial, HVAC & commercial plumbing products.
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