2021 Year in Review: Construction and Property Sector

Looking back at our 2020 Year in Review for the Construction and Property sector, we summarised 2020 as being a year of ‘unprecedented’ challenges and change, with us recommending that operators in the industry have Cash Management as their main priority to allow them to react quickly to any more challenges the industry faced.

Key considerations for business owners in advance of selling their company

Following significant disruption to the UK Construction sector throughout the Covid pandemic, demand for construction is on the rise driven by large new infrastructure projects, housebuilding, and an increase in home improvements. This increase in demand comes at a time when there is a shortage in skilled workers and key building materials, creating issues for smaller companies that lack visibility of medium to long term demand.

Surviving current and future challenges in Construction

After trading through the uncertainty of 2020, Scotland's construction sector is not out of the woods yet.  

Managing working capital carefully as we exit the pandemic

The most recent easing of restrictions across most of the country has resulted in a controlled resumption of travel, return to work, house moves and socialising in homes as we manoeuvre out of the Covid-19 pandemic. This has come as a relief to everybody, and none more so than those in the Construction industry.  

Planning Matters for Property Landlords Post Pandemic

Stuart Petrie, Director at Anderson Anderson & Brown LLP 

Reverse Charge for Construction Services – Some early complexities

Following the introduction of the domestic reverse charge for construction services on 1 March 2021, many construction businesses will be preparing their first VAT returns under the new regime. From our experience of advising construction clients, what appears to be a simple change is throwing up significant challenges for businesses. 

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