Following a significant increase in the last year, the number of small businesses operating in the UK construction now totals over a million.
The Construction Index, 3 January reports that the latest set of government business population estimates, based on construction businesses with fewer than 50 employees, shows that:
- There has been a 32,000 increase in 2017….
- ….From 1,005,290 – up from 972,475 in 2016
- Together, they turn over approximately £185bn a year, up from £172bn in 2016
- Small businesses account for 62% of the total across the whole construction sector
The analysis of government data was conducted by software firm Clear Books, whose chief executive Phil Sayers said:
“There are around 5.5m small businesses in the UK and the fact that construction firms account for one million of them is indicative of how essential it is for policymakers to ensure small construction firms continue to thrive.
“Be it a family-run construction business or high-growth housebuilder, small businesses play a huge role in society, acting as vital job creators but also contributing a significant amount to overall economic activity.
Their role as essential service providers and genuine hubs in local communities (and further afield) is hugely valuable. Policymakers must ensure that small businesses are supported – their success and survival, in equal measure, is absolutely essential.”
Mr Plant Hire – leading plant hire supplier to small construction businesses
The booming small construction business sector are some of the most heavy users of construction equipment hire much of which is supplied across the London area by Mr Plant Hire .
Today, Mr Plant Hire itself employs 55 staff in Enfield, split across their two divisions – HQ and its London Regional Hire and Training Centre.
It has customers across the construction and electrical industries supplying construction equipment hire, M&E hire, powered access hire and heating, cooling and drying equipment. Its hire range includes large and small machinery down to power and hand tools.
Mr Plant Hire have recently expanded its operations including the build of their new 1.1 acre site, with further growth on the horizon as the firm plans to increase its geographical reach.
To find out more about how Mr Plant Hire can improve your plant hire buying, call 0844-55 55 551 or visit www.mrplanthire.co.uk