Skip to content
SJD Accountancy
Join Now
Join now
Sorry, we're closed

0123456789

  • Contractor Services
    • Our Services
      • Accountancy Packages
        • Compare Services
        • Essential
        • Premium
        • Elite
      • Company Formation
      • Switching Accountant
      • Tax & Audit Services
        • Self Assessment
        • Questionnaires
      • Insolvency Services
      • IR35 Contract Reviews
      • Special Offers
    • Partner Services
      • Umbrella
      • Business Insurance
      • Contractor Mortgages
      • Wealth Planning
      • Health Insurance
      • IPSE Membership
      • Rewards
  • Contractor Resources
    • Contractor Library
    • Top Guides
      • The Contractor’s Guide
      • Limited or Umbrella. The Ultimate Guide
      • Complete Guide to IR35
    • Contractor Tools
      • Limited Company Name Generator
      • Compare Your Day Rate
      • Gender Pay Gap Tool
    • Contractor Calculators
      • Take home pay
      • IR35 calculator
    • Becoming a Contractor
      • Permanent to Contracting
      • How to contract
      • Contractor earnings
      • Contracting in the UK
      • Umbrella take home pay
      • Limited or umbrella
      • Contracting through an umbrella
      • FAQ’s for new contractors
    • Existing Contractor
      • Expenses
      • Taking money out your company
    • Financial Advice
      • Business banking
      • Contractor and business insurance
      • Contractor pensions
      • Contractor mortgages
      • Off-Shore
    • Understanding Legislation
      • IR35
      • Flat Rate VAT scheme
  • About
    • Company
      • About SJD
      • Contact us
      • Careers
      • Terms of Business
      • Terms & Conditions
      • Privacy Policy
    • News
  • Clients
    • Refer to SJD
    • SJD Online
Search Search

SJD Accountancy > News and Opinion > Engineering contractors positive about future prospects

SJD Accountancy > News and Opinion > Engineering contractors positive about future prospects

Engineering contractors positive about future prospects

Author
Written by:Digital
2 minutes
Published: December 27, 2018 Updated: November 21, 2018
  • Twitter
  • Facebook
  • LinkedIn
  • Email

 

 

A new study looking into engineering contractors has revealed that the sector’s community is experiencing a surge of confidence.

Looking at reports over the past couple of months, it’s no wonder that there is such a positive feeling within the engineering industry, as it seems that they are very much in demand, along with those in the construction sector.

A survey by the Association of Professional Staffing Companies (APSCo), reported at the end of August, revealed that the engineering sector, fuelled by the increase in energy projects, is continuing to perform strongly showing a 17% month on month increase in permanent roles and a 22% increase in contract roles. 

At the time of the Monthly Trends release, Ann Swain, Chief Executive of APSCo, commented, “It is encouraging to see such an upswing in a sector that has suffered so much in the last few years.

“The ongoing resilience of the engineering sector is obviously being driven by the huge increase in activity in the upstream oil and gas arena but as this is a global industry, the UK does have to compete heavily for talent with other locations – all of which need the same skill sets.”

The recent survey, carried out by Giant Group, has shown that 26% of engineering contractors felt more secure within their role compared to this time last year, with only a small number feeling less confident. 

The findings also show that there has been a significant decrease in the number of days contractors are going without a contract.  Overall, the majority of respondents said that they had, on average, a gap of 31 days or less between contracts.  Those reporting more than 91 days gap has halved compared to a similar survey taken two years ago. 

What’s life really like as a contractor? Visit our Life as a Contractor case studies hub for real life stories on working through your own Limited company, taking money out of your Limited company, understanding IR35 and much more. 

Considering switching accountants, or just have some general enquries about contracting, speak to a member of our New business team 01442 275789 or email: newbusiness@sjdaccountancy.com. 

For all other news please visit our Contractor News hub, or why not join us on Facebook and follow us on Google+ for all the latest contractor news, views, debates and competitions. 

Related Articles

The Six Steps You Need to Take to Become a Contractor in 2021
Contractor Advice
2021 Self Assessment Tax Return Checklist
Contractor Advice
Contracting in 2020
SJD Accountancy
How Contractors Can Market Their Business and Win Work During Lockdown
Covid-19
Spending Review round-up: What it means for Freelancers and Contractors
Budget
How to Protect Your Business During Lockdown
Covid-19

Back to top

Contact Us

  • 0123456789

Useful Links

  • Terms & Conditions
  • Recruiters
  • Privacy
  • Slavery Statement

New Business Hours

Monday - Thursday8:00 AM — 8:00 PM
Friday8:00 AM — 7:00 PM
Saturday10:00 AM — 4:00 PM
SundayClosed

Copyright SJD Accountancy 2021. All rights reserved. SJD Accountancy Ltd is a company registered in England & Wales. Company Registration Number 06277058.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.