WEBVTT

NOTE Steadier than you think
NOTE Narrated by Callum. Generated from public/films/voice-takes.json
NOTE by scripts/build-film-captions.mjs. Edit the narration, not this file.

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Construction has a reputation for firms going under.

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The published figures do not really back it up.

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423,000 active businesses. Opening at 10.6 per cent, closing at 8.8.

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More arrived than left, and the closing rate sits below the national average of 9.8.

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Compare that with transport and storage, which closed 16.5 per cent that year.

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Construction sits nearer the calm end than most people expect.

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But it is not one market. Division 41 is building.

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42 is civil engineering, fewer firms and much bigger contracts.

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43 is the specialist trades, and that is where most of the firms are.

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Get that split right before you build a list.

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And keep the radius tight, because small contractors work locally.

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423,000 firms. You need the ones down the road.