The construction industry has been going through a boom time in recent years, with property prices soaring in most areas, and consumers willing to invest ever increasing amounts of money in their homes - either in a new house, or by extending their existing home. Banks and building societies have been willing to lend more and more money to homeowners for such purposes, but the ‘credit crunch’ in 2007 has dampened things down.
This ‘boom and bust’ scenario isn’t new to the construction sector, but it needs careful management if businesses are to survive these leaner times.
Our experience of the construction sector is extensive, and we currently represent the interests of all types of clients from independent sub-contractors through to large scale house builders. For those businesses fortunate enough to hold land banks, the substantial rises in land values have given rise to spectacular profits in some cases, where a more considered approach to business structures has yielded significant tax benefits.
We routinely provide the following services to our construction industry clients - |
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