30-06-2016, 21:13
SCO,
We work on projects for all industries. We are an engineering company involved in materials handling and around 60% of our work is longer term with 16-20 week leadtimes.
Just had a director in today from one of Europes biggest garage door manufacturer who said they had just had a large scheduled order for next year cancelled by one of the UK biggest house builders. They supply the domestic market but are German owned and supply product into Europe as well. He was very concerned for the future.
The only thing we can do is try to fill the void that will be left in the short term due to order cancellations. We are very proactive and will survive but I really do feel sorry for others. Time will tell but its obvious confidence is rock bottom
We work on projects for all industries. We are an engineering company involved in materials handling and around 60% of our work is longer term with 16-20 week leadtimes.
Just had a director in today from one of Europes biggest garage door manufacturer who said they had just had a large scheduled order for next year cancelled by one of the UK biggest house builders. They supply the domestic market but are German owned and supply product into Europe as well. He was very concerned for the future.
The only thing we can do is try to fill the void that will be left in the short term due to order cancellations. We are very proactive and will survive but I really do feel sorry for others. Time will tell but its obvious confidence is rock bottom