UK trade industry revenues grow in first quarter of 2016

Image of mature carpenter in the workshop

According to IronmongeryDirect’s annual industry review, UK tradesmen have enjoyed an increase in revenues during the first quarter of 2016.

The study, which encompassed 600 tradespeople, discovered that over 60% felt confident their revenues would grow in 2016. The sentiment of interviewees was based on the work they have lined-up for the coming year, as well an increase in business inquiries. This confidence was specially felt in the home-building sector.

Busy schedules meant that just 11% of tradespeople said they were able to take on a job immediately. 22% were able to start within a week, and 29% had a waiting list of almost a month.

“It’s fantastic to see that 2016 has started out as a good year for tradespeople”, says Wayne Lysaght-Mason, managing director at IronmongeryDirect, “and that revenues are expected to increase even further”.

Optimism is high amongst tradespeople and handymen. IronmongeryDriect’s sure reveals that 91% of tradespeople predict 2016 will be a good year for business, while 91% also to be happy within their working lives. Startup and SME investors will want to watch this space. 

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