Which trade earns the most – and where?
The top three trades in terms of turnover earned in 2021 were builders, dry liners and groundworkers.
|Trade||Average turnover in 2021|
|Bathroom, bedroom, kitchen fitters||£62,611|
However, turnover doesn’t equal profit. Tradespeople all over the country suffered supply chain problems throughout 2021, leading to rising costs and project delays. Inevitably this eats into profit and cash flow, causing continued uncertainty.
These challenges look set to continue in 2022, following the outbreak of the Omicron coronavirus variant worldwide at the end of 2021 and further delays at UK ports.
Where did tradespeople earn the most in 2021?
|Region||Average tradesperson turnover in 2021|
|South Central England||£74,551|
|South East England||£73,456|
|North West England||£65,762|
|North East England||£63,833|
|South West England||£62,599|
The top regions in terms of turnover for tradespeople were London, East Anglia and South Central England.
But again, location can make a big difference to overall profit. While London is top, its recent expansion of its ultra low emission zone (ULEZ) might affect the pockets of tradespeople who regularly drive for work, for example.
How Simply Business calculated the data
Simply Business looked at tradespeople who completed their quote form and requested a quote in 2021, only taking into account trades with more than 3,000 submitted quotes. The turnover is the average across the quotes submitted. For the towns, they have included towns that had more than 100 submitted quotes for builders’ insurance.
References: Simply Business
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