The Construction Sector
Avid Partners provides accounting services for clients operating in the building trade, the construction services sector, trade organisations and sub-contractors. We have worked with companies to help them restore their credibility in their industry and to help them grow their businesses again after years of austerity and cost cutting. Avid Partners works closely with our construction related clients to re-instil best accounting business practices into their companies and help create a roadmap for future growth now that the clouds in their industry are starting to clear.
Arguably there was no other industry in Ireland more effected by the downturn and reduction in demand of the previous five years than the construction sector. We all remember the daily reports of job losses, uncompleted projects grinding to a halt, lack of liquidity and investment, inflated costs and prices, as well as the never ending bad publicity of practices in the industry which gave the sector a black eye it is only now recovering from. In recent times however the long heralded green shoots finally seem to be sprouting.
Despite the new found optimism in the industry there are still significant challenges facing the sector as it strides to recover from the losses of 2008-2012. These include:
- Legacy issues of indebtedness and loss of credibility which must be regained
- Lack of capital available to the construction industry
- The emergence of a black economy in certain trades and practices in the industry
- NAMA and its on-going influence on the construction sector
- The continued depression of the civil engineering and infrastructure subsectors
The PMI Index has shown consecutive monthly growth since the start of 2014
- Commercial property activity has increased with many foreign funds now beginning to re-enter the Irish market through acquisitions
- Residential property prices in parts of Dublin have increased in the latter part of 2013 and early 2014
- Employment in the construction sector has risen above 100,000 for the first time in many years
- Many commentators suggest that 2014 will mark a return to growth for the construction industry as a whole, the first such increase since 2007
Contact Avid Partners today on 01 4286900 to see how we can assist you with accounting for your construction business. Download our article on your area, book a place on our next industry seminar and make an appointment today to chat about your business with one of our expert Avid Partner staff.
Avid Partners can provide you with a full range of accounting services to cater for your company’s needs. Whether you require services to assist in compliance or day to day book-keeping services we have the best people on hand to help you. We can also assist with more complex accounting services and help you [...]
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"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach."
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Having got to know the company through the BNI we decided it was time to change accountant. What impressed me about Avid Partners was their professionalism. Their attention to detail was second to none and as an added bonus they are a sounding board to all of my questions. Avid also potted some irregularities in my accounts from the previous few years and saved me substantial money on the years tax bill. Avid Partners deliver a first class service which is everything you could want from an accountant and I am happy to give this endorsement.
We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services.
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.