Jump to content

Log in or register to remove this advert

Turnover...


Ty Korrigan
 Share

2 man team with chipper annual turnover  

60 members have voted

  1. 1. 2 man team with chipper annual turnover

    • below 50k
      15
    • up to 60k
      7
    • up to 70k
      4
    • up to 80k
      11
    • up to 90k
      5
    • up to 100k
      8
    • 100k plus
      10


Recommended Posts

I was told by a business panel 20 years ago, dont know if it holds true today especially in the last 3 years :thumbdown: work out your costs double it and add vat. So if your turn over was 100k 20 k was vat so 40k should go in your pocket less tax. There is a huge amount of variables like do you like toys more than cash. Do you struggle in an old shed or do you rent a nice unit ? are you expanding your op or reducing down. when you take on people often you dont earn a lot more until you get to 5 people I think its called growing pains.

Link to comment
Share on other sites

Log in or register to remove this advert

  • Replies 88
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

I was told by a business panel 20 years ago, dont know if it holds true today especially in the last 3 years :thumbdown: work out your costs double it and add vat. So if your turn over was 100k 20 k was vat so 40k should go in your pocket less tax. There is a huge amount of variables like do you like toys more than cash. Do you struggle in an old shed or do you rent a nice unit ? are you expanding your op or reducing down. when you take on people often you dont earn a lot more until you get to 5 people I think its called growing pains.

Link to comment
Share on other sites

The costs of most 2 man crews should be similar, so turnover should be a reasonable indicator of profit.

 

Not true.

There are so many variables. Comparing like for like is ok, though even then leverage, wages, rent etc can skew costs.

A weak climber and weak groundie would be cheap, and if they had top end gear they'd be expensive to run. Using sub-contractors with some of their own kit is a cheaper model as their are no training costs, holidays, NI etc.

 

Too many variables.

 

Look at your costs, add profit, new kit and screw-ups divide it into the number of days a year you wish to work. This may give you a fair indicator. Don't forget to factor time spent quoting, marketing, holidays, training and admin.

 

FYI we look for £100k+

Link to comment
Share on other sites

The costs of most 2 man crews should be similar, so turnover should be a reasonable indicator of profit.

 

Not true.

There are so many variables. Comparing like for like is ok, though even then leverage, wages, rent etc can skew costs.

A weak climber and weak groundie would be cheap, and if they had top end gear they'd be expensive to run. Using sub-contractors with some of their own kit is a cheaper model as their are no training costs, holidays, NI etc.

 

Too many variables.

 

Look at your costs, add profit, new kit and screw-ups divide it into the number of days a year you wish to work. This may give you a fair indicator. Don't forget to factor time spent quoting, marketing, holidays, training and admin.

 

FYI we look for £100k+

Link to comment
Share on other sites

I heard that reinvesting as much profit as possible is the best way to keep it out of the Taxman's hands. So, big turnover but makes your business appear as though it is running at a loss! Does that sound right. I'm a Sole-Trader who's only recently started trading and would be interested to hear from anyone if this is how they run their company.

Link to comment
Share on other sites

I heard that reinvesting as much profit as possible is the best way to keep it out of the Taxman's hands. So, big turnover but makes your business appear as though it is running at a loss! Does that sound right. I'm a Sole-Trader who's only recently started trading and would be interested to hear from anyone if this is how they run their company.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


  •  

  • Featured Adverts

About

Arbtalk.co.uk is a hub for the arboriculture industry in the UK.  
If you're just starting out and you need business, equipment, tech or training support you're in the right place.  If you've done it, made it, got a van load of oily t-shirts and have decided to give something back by sharing your knowledge or wisdom,  then you're welcome too.
If you would like to contribute to making this industry more effective and safe then welcome.
Just like a living tree, it'll always be a work in progress.
Please have a look around, sign up, share and contribute the best you have.

See you inside.

The Arbtalk Team

Follow us

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.