I read over the weekend that constructions top 100 were largely increasing revenues, but at the lowest rate witnessed since the upturn of 2012. Margins (often a contentious issue) are continually being eaten away and payment terms are more convoluted than an MP's statement of expenses in the mid 90's.
With the "specialists" often reliant on main contractors securing work, the below figures indicate work is still feeding its way through the supply chain. In particular, it is positive to hear that smaller sub contractors are not being engulfed by the bigger boys.
ECA CEO Steve Bratt “The ECA’s business survey for Q2 indicates that electrical and building services firms have been doing more business, despite potential challenges in the wider economy.” The survey also found that: Small businesses (turnover £201k – £1m) had a positive quarter, with nearly 3 in 4 firms (72%) reporting turnover remaining steady or increasing, up 7% on the previous quarter. Medium-sized firms (£1.1m to £5m) also enjoyed a strong quarter, with 8 in 10 businesses (80%) seeing turnover rise or remain steady, also up 7% on Q1. Larger companies (£5.1m to £20m) had a fair Q2, with 83% indicating that turnover increased or remained steady, up slightly on the last quarter. Large businesses (£20m+) saw turnover hold steady, with over 5 in 10 firms (53%) reporting turnover remaining the same, while 35% had an increase.