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.