Contractor looks to R&M sector to offset 鈥榲olatile鈥� offices market
The boss of 拢340m-turnover contractor Osborne has said the firm is targeting more repair and maintenance work as it seeks to offset a slowdown in the 鈥渧olatile鈥� offices market.
Chief executive Andy Steele (pictured) told 好色先生TV the offices market had 鈥渕assively slowed鈥� since the Brexit vote last summer as developers鈥� confidence was rocked by the resulting uncertainty.
He added: 鈥淧eople have taken a pause [鈥 It鈥檚 individual client driven.鈥�
Osborne鈥檚 other key markets - affordable housing, infrastructure and education - are looking more stable, Steele said. But in housing repair and maintenance Osborne is gearing up and 鈥渟ees some growth in that market鈥�, he added.
When it comes to tackling the contracting industry-at-large鈥檚 inefficiency, Steele believes the biggest help would be having more visible, long-term pipelines from clients.
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