This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Contractors' profits rise in Q3

25 November 2016

An increase in profits has been revealed within a study conducted by the Electrical Contractors' Association (ECA) for the third quarter of this year.

Just over 80% of electrical and building services engineering business said their turnover had risen or stayed the same over this period.

The findings are particularly significant as the survey covers the three months following this year's Brexit vote, says the ECA, with companies experiencing "modest" pre- and post-referendum impact.

Favourable results for Q3 were recorded by businesses of all sizes, although micro companies (those with a turnover of less than £200,00) showed a slight downturn.

Additional results showed that 31% of firms expect a rise in turnover for Q4, which is 11% less than the ECA survey for the same period last year.

ECA CEO Steve Bratt said although the survey showed companies remained "broadly confident" about their prospects, those included typically feel negative effects after others in the supply chain.

“In addition, the survey shows that the expectation for business is down for the final quarter of the year, and members are already reporting increasing prices of key materials and equipment.

This means that 2017 may present even more challenges to profit margins," he said.

The Building Engineering Business Survey, which is held in association with Scolmore, was sent out to ECA members in early October this year and the response rate was the highest in five years.

Print this page | E-mail this page


Article image Study shows need for variety in workplace design

Noise and distraction have emerged as the two issues to overcome when designing modern workplaces, according to a recent survey.Full Story...

Article image WCRS Recycling Angels: Improving recycling rates at major events

Created as part of an initiative by Waste Cost Reduction Services (WCRS) to improve recycling rates and enhance the customer experience in the Event’s sector, the WCRS ‘Recycling Angels’ team are passionate about improving recycling rates and reducing environmental impacts.Full Story...

Why the Law Says You Need a Nappy Bin Disposal Service

How can a private parcel violate my workers’ privacy?

Calls for change grow in wake of MPs' Carillion report