New research from Start Up A-Z has revealed that new plumbing businesses have a survival rate of 58%, the highest of the trades.
Start Up A-Z said that considering the plumbing industry brings in around £17.2bn a year in the UK, it’s certainly a “thriving industry” to be a part of.
The companies formation agent compiled a study into the trades with the best survival rates. It analysed data on Companies House to find how many businesses that were set up during 2021 are still in operation.
Other top trade businesses that started in 2021 include glazing installers, with 57% of businesses still active and carpenters with 53%. A total of 52% of electrician businesses and 51% of landscapers that formed in 2021 are still in business.