It’s going to get worse before (and if) it gets better!

Travis Perkins, the UK’s largest builders’ merchant have reported that the cost of raw materials has increased considerably as there is a shortage due to the demand from bored households starting DIY projects during lockdown.

The cost of cement, chipboard and paint are all rising between 5 – 15%.

This comes after it was reported last week that timber and steel are in short supply.

Our top tip for any business facing significant cost increases is to regularly meet with your accountant to review the historic performance and also forecast to avoid any nasty surprises after the year end.

Comments are closed.