UK firms brace for further Brexit price rises

01/02/2017

Knowledge Zone Home   
More in news
UK firms brace for further Brexit price rises

Surveys show that UK firms could be put under financial strain due to price rises as a result of Brexit.

At Cordant we strive to ensure our clients receive the best value and service, and where most businesses may feel the pressures, we continue to thrive and deliver cost effective FM solutions.

Reports from the UK manufacturing and construction sectors indicate that the price of materials is set to rise in advance of Brexit talks, which in turn will have a negative effect on profit margins.

As a brand with much credibility in the refit/refurb industry, Cordant Projects currently source materials from the UK, and are confident that by continuing to do this they will not be directly impacted, however the knock on effect of supply/demand could be a set back.

Ian Woods, Managing Director of Cordant Projects explains: "Our business isn't currently feeling the strain of Brexit which allows us to continue to deliver only the best, most cost effective service to our clients. Although Brexit may have a delayed effect on our division, it is still our objective to invest in productivity and service excellence to limit any issues we may face in the coming years".

As the increase in external costs puts more strain on suppliers, prices may fluctuate, leading to a gradual impression on operations across the brand. However for the foreseeable future our clients can trust Cordant Projects, and the rest of our Group to deliver industry service at a competitive rate.