Death of a tradesman as customers squeeze life from business

42% of tradesmen fear their businesses may not survive to the end of the financial year.

By News Desk
10th August 2009 at 17:59

Tradesmen suffering the brunt of recessionWith the housing boom, came a boom for tradesman of all kinds and standards. But today, as the recession continues, plumbers, builders, electricians, carpenters and others with trades are finding business increasingly tough.

Nearly 80% of tradesmen have seen customer spend decline over the last 12 months. What’s more the big squeeze is well and truly on.

Haggling down prices, less spending and late payments from customers have combined with tighter payment terms from suppliers to make life extremely difficult for many tradesmen according to a survey released today.

Nearly three quarters (64%) have experienced a doubling of the number of customers defaulting on money owed for work completed.

Over a third (36%) have also experienced an increase in the number of complaints about their work.

Although there has been an upturn in home improvement jobs as fewer people are in a position to move house, tradesman seem to be taking the brunt of the construction recession.

Perhaps they should take some advice from one of London’s best known millionaire plumbers.

[Picture credit: Rob Shenk licenced from Flickr]

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

  1. Maxine says:

    Interesting article and can agree with these comments completely. Could you mention where the figures come from?

  2. News Desk says:

    The figures came from a survey by

    What’s the experience of your own plumbing and plastering business?

  3. Virtual Receptionist says:

    This is in contrast to the plumbers and decorators I know they say they have never been busier. According to them they say more people are doing up their houses rather than moving.

Leave a comment

Share & Comment

Related Posts


Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes


If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group