Rampant growth among environmental consultants is over, according to new research from Environment Analyst.
Growth in revenues between 2003 and 2007 was at an average of 13.4% per year. But this fell to just 6.5% in 2008 and revenues are forecast to be flat in 2009.
Contaminated land accounted for 15.7% of environmental consultants’ revenues in 2008, and this sector has been crippled by the recession.
Two-thirds of firms faced falling spending in the construction/property sector at the time of the survey, with one in 10 suffering falls of 15% or more. Financial, manufacturing and professional organisations had similar declines.
However, climate change and energy, resource efficiency, waste-to-energy and ecological services are forecast to perform well. Almost two-thirds of companies surveyed reported increased forward order books compared to 12 months earlier.
According to the report, the environmental sector is shedding staff and WSP’s headcount has reduced by 25% in the past 12 months.
Firms are still looking to the Middle East for growth, despite the problems of fee collection in Dubai.
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