By Daniel Hunter
Plumbing Entrepreneur, Charlie Mullins, says the British Chamber of Commerce (BCC) is “right on the money” in predicting that there will be no triple dip recession this year.
It was reported at the start of the year that Britain was to slip into recession for a third time in four years after the economy shrank by 0.3% in the last three months of 2012.
The UK is now set to avoid falling into a further downturn, according to the BCC, because of the performance by Britain’s service industries in the first quarter of 2013.
This view is also shared by Charlie Mullins because the entrepreneur believes that service companies like his plumbing company, Pimlico Plumbers, have been performing well, with Pimlico having a strong first quarter.
Charlie Mullins, who is the founder of Pimlico Plumbers, said: “The British Chamber of Commerce (BCC) says the UK will avoid a triple dip recession and I for one believe they are right on the money. They have the data from across the country, and are particularly pointing at service companies like us as the reason why there will be growth in the economy in the first quarter of 2013.
“I don't have all those numbers at my fingertips but I am in touch with the plumbers' network, as well as speaking daily with all sorts of trades people who, when you balance up the pluses and minuses in your head, are starting to see a bit of work, both now and approaching over the horizon.
“At Pimlico Plumbers for example we had a very solid February with sales of £1.53 million and are predicting a March result in excess of £1.6m - taking our 2013 first quarter to at least £4.76 million, which represents a 10% increase on the same period in 2012.”
Mr Mullins is also under the assumption that companies like his plumbing company are still in business because of the services that they provide and that meeting the customers’ expectations is vital.
He added: “Companies like ours have stayed in business by looking at what we offer, then looking again, and again even harder, to make sure that we are giving our customers what they want to buy in the here and now.
“We don't tell, we listen and deliver, and I think growth now is a product of the trading climate of the last five years. Throw your stall out and hope for the best and someone will have your customers by the end of the week and the liquidators will have your stall up for sale. Those who are left now have weathered some mighty storms, and customers are cautiously buying from a highly tuned (and by that I mean tuned by recession) selection of offerings.
“In our case right now, although the plumbers and heating engineers are busy enough, it's the drain men, and also the builders and carpenters who are picking up a few more jobs compared to 12 months ago.
“With two months to go in our financial year, we are tracking at 6% above where we were last year, which is something everybody at Pimlico Plumbers should be extremely proud of, and which along with the Chamber of Commerce’s wider cross-section of figures, has me convinced there will be no triple dip in 2013.”
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