The health of domestic and global economies strongly influences the commercial construction business cycle. A downturn in the construction business cycle can adversely affect Eleco’s performance.
The market risk is mitigated through operational spread between countries with plans to expand geographical reach through reseller channels. Eleco’s position is strengthened by servicing the maintenance stages of the building lifecycle and manufacturing, property and retail markets.
Eleco remains conscious of the need to manage and conserve its cash resources carefully and in present conditions caused by Covid-19, Eleco has been even more vigilant in the control of operational costs.
Unfortunately it is not possible to predict with any degree of certainty the impact on our business, whether positive or negative, as we enter the transitional period of Brexit.