A recent analysis by Simply Business sheds light on the average annual turnover for various tradespeople across the UK in 2024, highlighting not only the highest-earning professions but also the top-performing locations. While turnover is a key indicator, it's worth noting that it doesn't directly equate to profit, especially amidst current economic pressures like rising material costs and skill shortages.
Top Trades by Average Annual Turnover (2024):
Leading the pack in 2024 were Builders, commanding the highest average annual turnover at an impressive £110,260. They were followed closely by:
- Dryliners: £95,979
- Groundworkers: £93,112
- Glaziers: £91,389
- Flooring Contractors: £88,188
- Plumbers: £86,394
- Bathroom, Bedroom, Kitchen Fitters: £75,262
- Electricians: £74,448
- Gas Fitters: £74,387 (This trade notably saw a 12% increase from 2023, indicating growing demand or pricing power).
Deep Dive into Flooring Specialist Earnings in London:
While "Flooring Contractors" as a broad category showed a strong average turnover, a closer look at the sector reveals significant variations based on specialization, particularly for fitters in London:
- Top Carpet Fitters (London): Can gross around £60,000 per year.
- Wood Floor Fitters (London): Typically earn around £72,000 per year.
- Hard Floorers (London): Can see earnings around £84,000 per year.
- Linoleum Fitters (London): Potentially the highest earners within flooring, grossing around £108,000 per year.
These more granular figures suggest that specialization within the flooring trade, especially in a market like London, can significantly impact earning potential.
Top Locations for Tradespeople by Average Annual Turnover (2024):
The article also identified specific towns where tradespeople saw the highest average annual turnover:
- Chichester: £195,899 (Standing out with a particularly high average)
- Uxbridge: £152,093
- Watford: £139,899
- Sevenoaks: £136,779
- Poole: £124,156
- Hornchurch: £123,967
- Romford: £119,980
- Wembley: £116,885
- Waltham Cross: £116,159
For more detailed insights into these findings, you can refer to the original article:
and if you want to join a good Flooring Association or get training to fit floors in the UK try The Flooring Guild http:///www.flooring-guild.com
