- 30 Jan
Construction Sector Research From Bibby Financial
Bibby Financial Services have just published the results of their October 2014 construction sector research which has some interesting findings. The study encompassed 200 small construction businesses.
The key highlights were:
- The average amount of pipeline work was 17 weeks.
- 49% had more work Q4 2014 than in the same period 2013.
- Late payments were the biggest challenge facing them.
- Over 70% had written off money as bad debts over the last 3 years.
The survey results suggest that the construction sector is doing better than in 2013 although the large number writing off bad debts seems very high and concerning.
Full detail of their study can be found here: Bibby Financial Services Construction Research