Eleco Look Forward to the End of the Year

09.03.09

Eleco, the building software and systems group, has announced an interim pre-tax profit of £270,000 which is below their previous years figure of £3.7m.

Eleco’s last financial period ended 31 December 2008.

John Ketteley, executive chairman, commented: "The slowdown in the construction sector challenged the group. However, in spite of the difficulties encountered, we remain cautiously optimistic that performance will recover towards the end of 2009.

“We have committed bank facilities of £14.5m through to 2012, and the business remains financially sound. In the current economic climate maintaining a financially sound business will remain our priority."

The main targeted markets for Bell & Webster's Fastbuild rooms are those of new-build hotel and student accommodation. During the period, there has been considerable experience of project start dates being affected by developers' funding constraints.

However, indicative market demand is still strong as enquiry and tender levels “compare favourably” with the previous year.

Other Building Systems - Roofing, Cladding and Timber Frame Market conditions for the roofing and cladding companies were very difficult. Insolvencies impacted on the continuity of business from previously established customer relationships.

For further information and a comprehensive list of companies who offer roofing services, please visit our website at http://www.buildingregister.com