CFA and Flooring Industry News
- CFA reacts to Carillion going in to liquidation
- CFA welcomes new member in Hornchurch
- CFA welcomes new member in Didcott, Oxfordshire
Tell us about your flooring installations - Survey reminder
Tell us about your flooring installations
Leading Edge Managment Consultancy Ltd, a flooring research company, have joined the CFA to assist in a study they are undertaking on several flooring products and installations.
We are keen for members to support this initiative as in return Leading Edge have agreed to share some top level sector related statistics that we can share with members and will help the CFA understand the main trends in the market.
We currently have minimal information in this respect and so this will assist us in giving credibility to the work of the CFA through umbrella organsiations such as Build UK, CPA and CITB in lobbying government.
A more comprehensive, detailed and products focussed version of the report will be made available to manufacturers to help them develop new products and services.
As such, if you get a telephone call from Leading Edge over the next month or so, we’d be grateful for your help in answering a few questions.
Alternatively, click through to this link now and answer the questions online.
As an added bonus, for every full response collected online, Leading Edge will donate £5 to the Children in Need charity.
17th May 2017
CFA reacts to Carillion going in to liquidation
As has been widely reported the construction giant Carillion has announced that they are entering in to liquidation.
CFA CEO – Richard Catt offered the following comment:
“Whilst still shocking, the news of Carillion’s demise will not be a major surprise to many CFA members who work for main contractors. Obviously their growing problems have been widely reported in the construction industry and national press, but as Rudi Klein of the SEC Group has pointed out in recent interviews, their basic business model has for a long time been fundamentally flawed.
The significance of their collapse will be far reaching and I am not only conscious of the 43,000 world wide and 20,000 UK based employees, but also the wider impact on their supply chain and the contract flooring industry. The extent of the impact on businesses and financial hardship caused to individuals through job losses will no doubt become apparent as time passes and is difficult to estimate at this stage. Low margins and use of subcontractors’ funds as cash flow and capital (in the form of late payment and withheld retention) will no doubt become publicly recognised as part of the problems that led to Carillion’s down-fall. It is important that even whilst still raw, we ensure that this element of this disastrous event is not lost on government as they complete their current consultation on retention.
The CFA would like to hear from any members prepared to share (in confidence) the financial impact on their businesses so that we can feedback to government a picture of the effect on the flooring sector.
In addition, we would like to offer our help, support and guidance, both directly, but also via our range of benefit providers in dealing with any issues that arise: this includes legal, contractual and business advice, where possible focussed in respect of Carillion projects and, for example, dealing with the liquidators. Some advice is already being published by the liquidators PwC through PwC’s dedicated website https://www.pwc.co.uk/carillion
The CFA will also be continuing its lobbying efforts to ensure that government recognise this as the very tip of a much larger iceberg that must be addressed by legislation to deal with late payment and unfairly held retention as soon as possible. Thus avoiding a much greater collapse of this potential main contractor house of cards."16th January 2018
CFA welcomes new member in Hornchurch
The CFA is pleased to welcome a new Associate Contractor member, Elite Contract Flooring Services Ltd, of Hornchurch in Essex.3rd November 2017
CFA welcomes new member in Didcott, Oxfordshire
CFA are pleased to welcome a new Contractor member - Oxford City Flooring of Didcott, Oxfordshire.17th October 2017
The Full CFA News Archive
We have our full archive of previous news items available to view in date-order.