Tradespeople

Construction tradespeople experience increase in revenue

  • 22 Feb 2016

According to IronmongeryDirect’s Annual Industry Review, almost three quarters of construction tradespeople reported an increase in revenue last year, which is positive for the industry.

The study, which was carried out to gain an insight into trade professionals’ experience of the construction industry, involved 600 tradespeople.

By questioning its participants, IronmongeryDirect discovered that 72% of trade businesses experienced an increase in revenue in 2015.

The majority of tradespeople who took part in the review revealed that sales had increased by up to 10%, whilst a third claimed that revenues had improved by around 11% to 20%.

Meanwhile, 16% of the tradespeople said that revenues rose by up to 30%; a further 8% claimed that they had seen an increase of more than 30%.

Industry improvements for construction tradespeople

The report revealed that the construction industry was kept relatively busy last year, with only 4% of tradespeople admitting that they did not have much work to do.

Half of those questioned also revealed that they received more enquiries in 2015 than they did in the year prior.

However, as a result of this, 45% of those surveyed said that they had to turn additional trade away, which had a detrimental impact on their businesses.

Ultimately, the report is positive for the sector; it indicates that this will continue into 2016, despite several unresolved, underlying issues – such as the increasing skills gap and the pricing of contracts – which may affect the industry.

Leave a Reply

More articles

GEZE

Extra Safety for Extra Care with GEZE in Kent

Extra safety has been incorporated into an extra care housing development for over 55s, courtesy of a GEZE UK natural smoke ventilation system.

Posted in Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Services, Case Studies, Doors, Health & Safety, Heating, Ventilation and Air Conditioning - HVAC, Posts, Retrofit & Renovation, Security and Fire Protection, Windows

What to expect from Schlüter at Hard Surfaces 2019

Schlüter-Systems Ltd has announced that it will exhibit at this year’s Hard Surfaces Show.

Posted in Articles, Building Industry Events, Building Industry News, Exhibitions and Conferences, news, Posts

ROCKWOOL wins SIG Supplier of the Year award

ROCKWOOL has been awarded the coveted Supplier of the Year title by SIG, distributor of insulation, dry lining and related products.

Posted in Articles, Awards, Building Industry Events, Building Industry News, Building Products & Structures, Insulation, news

Aggregate Industries’ SuperCurve chosen to resurface Port of Liverpool

Aggregate Industries’ new SuperCurve asphalt solution has demonstrated its ability to withstand high-levels of HGV traffic during a recent resurfacing project.

Posted in Articles, Building Industry News, Building Products & Structures, Civil Engineering, Hard Landscaping & Walkways, Landscaping, Posts, Retrofit & Renovation, Sustainability & Energy Efficiency