Category: Finance
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What is the Government’s New Housing Bank?
The Government is launching a £16 billion National Housing Bank, a major new financial institution aimed at tackling the UK’s long-standing housing crisis. But while the headlines focus on big numbers and national plans, the impact on self-builders may be much closer to the ground. The bank, part of the government’s “Plan for Change,” will…
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What’s your construction business worth? Seven things to consider
There’s no magic formula, but here’s a simple benchmark to use as a starting point when looking to acquire a business under £2m PBT:1x-4x PBT+ Assets– Liabilities+ Free cash Factors that increase multiples:• Solid pipeline of future work• Low customer concentration• Clean, consistent financial reporting• Documented systems and processes• Strong, stable second-tier management• Recurring revenue…