New data from Simply Business has revealed a decline in the average annual turnover for tradespeople in the UK in 2024. It found that roofers were hit hardest, with a 30% decline in turnover.
The average annual turnover for UK tradespeople in the UK came in at £66,172, a 3% decrease from 2023.
Builders remained the top-earning trade, with an average turnover of £110,260, although this figure is down 4% from the previous year. Gas fitters emerged as the fastest-growing trade for turnover in 2024, with a 12% increase to £74,387 from £66,206 in 2023.
Chichester was the UK’s top-earning town for tradespeople in 2024, with an average annual turnover of £195,899. Uxbridge, Watford, Sevenoaks and Poole completed the top five towns.
Julie Fisher, UK CEO at Simply Business, said: “UK tradespeople have faced a challenging year in 2024, with rising costs, tool theft, and material shortages all contributing to a decrease in turnover. Despite these difficulties, the trades sector has shown resilience.
“We’re proud to insure over 200,000 tradespeople across the UK, and we understand the vital role they play in both local communities and the wider economy. Small and independent businesses are crucial to our collective success, and we encourage consumers to support them by choosing local tradespeople whenever possible.”
