How Can Plumbing Businesses Avoid Insolvency
2018 has not been a good year in the construction industry. An unexpected decline in housebuilding led to the construction industry to contract for the ninth month in a row, while the collapse of industry giant Carillion left thousands of subcontractors out of pocket. Construction output also fell by the 3.9 percent on figures for 2017, representing the biggest annual decline since 2013.
This is particularly bad news for roofers, plasterers and plumbers, not only due to the reduction in the available work, but also because in a competitive market, contractors can take advantage of the vulnerable position tradespeople are in by paying them late, or even trying to avoid paying them at all.