Sharp rise in number of new construction companies
More construction firms are opening than closing for the first time since the financial crisis.
Latest figures from accounting specialist NoPalaver Group show a net increase in the number of new construction companies being set up.
There was a net gain of 5,445 construction businesses in 2013 compared to a net loss of 7,030 construction firms the year before.
In total, 38,335 new construction firms opened in the year to December 31st 2013 – 31% more than the previous year.
Graham Jenner, Director at NoPalaver, said: “These figures suggest that the construction industry has finally reached a tipping point in its fortunes, with the number of new businesses being created on the up and the number closing their doors going down.”
Grant Prior | Mon 13th April | Construction Enquirer