UK tradesmen buoyed by increased revenues in first quarter of 2016

Optimism is increasing amongst tradespeople with 91% anticipating that 2016 will be a good year for business...

UK tradesmen have reported an increase in their revenues for the first quarter 2016, according to IronmongeryDirect’s annual industry review.

The study of 600 tradespeople found that 61% expect their revenues to rise in 2016 based on the work they have pre-booked, an increase in enquiries and demand, and a stronger market and economy – especially in the home-building sector.

Just 11% of tradespeople said they were able to take on a job straight away due to busy schedules, with 22% able to start a job within one to two weeks and 29% having a waiting list of around three to four weeks.

Optimism among tradespeople and handymen is also on the rise, with the vast majority (91%) predicting that 2016 will be a good year for business and an equal proportion (91%) claiming to be very happy about their working lives.

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

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