EP15 COMPANY OUTGOINGS - COMPLETE BREAKDOWN. THE TRUTH!!

  Рет қаралды 6,099

Lee Fuller

Lee Fuller

Жыл бұрын

This week we dive in to Exactly what we pay out per year, month, week and day to keep the thames valley group show on the road. We would love your take on this. Let us know in the comments.

Пікірлер: 81
@richardkirton7868
@richardkirton7868 Жыл бұрын
Best bricklaying channel on YT.
@user-kb5xx1gm9r
@user-kb5xx1gm9r Жыл бұрын
Well done to you to point this all out, Government and accountants should give each person registering a company or becoming self employed an upload or booklet to explain to them what it involves. I spent my first 10 years as self employed with little more to show for it than exhaustion. Add cost of to my personal relationships it wasn't really worth the effort apart from it got me to the next thing. Tradesman to businessman..
@vincentcrowley5196
@vincentcrowley5196 Жыл бұрын
I think it was one of the famous Murphy company who said many year sago, "if I don't make £2500 , every minute, every day, 365 days a year I'd be broke". I have a relative who has his own waste company, started on his own with a cage truck, now rents a yard to sort wood,metal, plastic, etc, has a few employees, rents out skips, collects waste in vans, and while it's growing, he's putting everything back into it without drawing much of a wage himself but if he's still going in the future he'll benefit.
@davidyardley1292
@davidyardley1292 Жыл бұрын
Honest Lee fairplay .yes very hard to cover wages and overheads
@edwardclarke8087
@edwardclarke8087 Жыл бұрын
Really enjoy your videos and how honest they are.Thanks for firstly taking the time to do them and secondly actually sharing your knowledge. Cheers Ed
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks for feedback ed. appreciate it dude
@jus5810
@jus5810 Жыл бұрын
Pure gold to the uneducated thank you for these videos so helpful
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Our pleasure!
@SouthernSoftie
@SouthernSoftie Ай бұрын
Simply Thanks
@wittywoo9559
@wittywoo9559 Жыл бұрын
Good honest video from a good businessman ... fair play from 🇮🇪
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thank you mate
@dazzwills
@dazzwills Жыл бұрын
Dear Lee, I'm loving your channel & wanted to say hello, and am slowly going through your videos as they have popped up. I also run a small business, however not a bricklayer but all content I've see so far is relevant to me. Like yourself I have became a businessman who is also on the tools and understanding the business concept of profit, margins and schedules is key. The way you explained it here to everyone is spot on. I have now subscribed & wish you all the best.
@chriswild2458
@chriswild2458 Жыл бұрын
Just found your channel ,really good stuff👍 I have run a building company for over 30 years and I absolutely agree with you ,re overheads , I also build in some lost time costs but try and run some interior work alongside my other works It’s very refreshing to see how open you are , I have always said the apprenticeship programme in college should teach finance as an important part of the curriculum.
@lukeetherington9150
@lukeetherington9150 Жыл бұрын
Great Video, we have similar break downs, good to see it should work but what an adventure to try and put another years plan together
@DavidEggerton
@DavidEggerton Жыл бұрын
I run my own company and its refreshing to see someone being so upfront and honest about earnings. Great channel!!
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Cheers David, hope business is going well and you have hit ground running this year, transparency is key for us. All the best 🙏🏻🤙🏻
@lew_4713
@lew_4713 Жыл бұрын
Great vid mate, opened my eyes up a bit. Quite a ruthless game
@paulpurves484
@paulpurves484 Жыл бұрын
I watch a lot of bricklayer videos and I have to say your right up there with the best of them in terms of being honest and giving people an insight into overheads and also pricing which I saw on one of your other videos it’s really been an eye opener keep up the good work and long may your business flourish.👍👍
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks very much that’s very kind of you. 🙏🏻 all the best for the year ahead mate
@billytomlin9642
@billytomlin9642 Жыл бұрын
Spot on tbf. All I would add is mistakes. We are human not robots and it happens simple as that. Also preliminaries are needed in pricing due to some of your outgoings
@sedulousdabbler5468
@sedulousdabbler5468 Жыл бұрын
I am 58 years old and was on the tools in the great recession of the 1980's. I left the trade and pursued another career, from which I retired 3 years ago. I am now back on the tools part time, and loving it. It is so refreshing, to hear a young man talking sense about the brass tacks of business is remarkably refreshing. No, 'bangin' 'em out', relayed in a mokney accent; or ludicrous claims of 1000's of bricks laid. No sponsorship of energy foods or gimmicky tools. This is pure gold. I wish that I had been in receipt of this knowledge, back in the day. I wish you every success.
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
This means a huge amount thank you so much. I guess we are trying to create the channel we needed when we first started. I agree with the 1000 bricks a day videos. I’ve actually shot a video addressing this culture. It’s utter rubbish. Really appreciate your comment 🙏🏻❤️
@tonygrace4946
@tonygrace4946 Жыл бұрын
I'm always trying to get the message across to subbies regarding how to price your time. Be careful how you calculate.🤔 52 weeks X 5 days a week 260 Less 21 days holiday and 9 bank holidays leave 230 working days.
@sedulousdabbler5468
@sedulousdabbler5468 Жыл бұрын
That’s good advice and easily overlooked 👍🏼
@stephenmiller8620
@stephenmiller8620 Жыл бұрын
Great video keep up the good work. Very interesting.
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks Stephen appreciate that
@conorgarvey6594
@conorgarvey6594 Жыл бұрын
great break down on your overheads , i recently left down the trowel after 23 years at it in Ireland, to go at telecom cations , work is alot easier but i miss the grind lol , only think positive in my new game is you can work when its pissing rain . keep the good work up 👍👍👍👍
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks Conor glad you are working all the time now, we have lost loads of time in December and rained off yesterday 🤷🏼‍♂️🤷🏼‍♂️
@billybulmer7386
@billybulmer7386 Жыл бұрын
These videos are so so interesting, please keep them up👍
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Will do billy cheers mate
@mahmern
@mahmern Жыл бұрын
Thanks for the transparency
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Transparency is everything mate 👌🏻
@howardsmith6368
@howardsmith6368 Жыл бұрын
Nice video Lee
@conneill8190
@conneill8190 Жыл бұрын
That was one of the best videos I've heard in a long time (years) 🙂🙂🙂
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
That means a lot con thank you 🙏🏻🙏🏻
@danielcolton3632
@danielcolton3632 Жыл бұрын
Cracking video I'm only a sole trader but it's nice to see someone putting the effort to explain all of this if I ever decide to go limited happy new year youth
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Happy new year mate, I remember the jump from sole trader to director and I was a daunting one as wasn’t sure where I could get the info 🤙🏻👌🏻 cheers for the kind words Daniel 🙏🏻
@cshbrickwork511
@cshbrickwork511 Жыл бұрын
Needed a video like this right now, thanks mate! Keep it up
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Awesome so glad it resonated. Want to keep creating content that want to watch 🤙🏻🤙🏻🧱
@cshbrickwork511
@cshbrickwork511 Жыл бұрын
@@Levelupconstructionmedia i want to go private/my own way this year and there’s a lot of things i need to cover before hand. It’s daunting but i’m excited for it
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
@@cshbrickwork511 add us on insta mate I’ll help where ever I can. Dm me mate
@cshbrickwork511
@cshbrickwork511 Жыл бұрын
@@Levelupconstructionmedia proper appreciate that mate
@bricky1000
@bricky1000 Жыл бұрын
Very good video that better than watching someone lay bricks to a line every video keep it up boys cheers
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
There is a lot of that on KZfaq we don’t need another one 😂
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Cheers for kind words mate
@lawrencecarlin4023
@lawrencecarlin4023 Жыл бұрын
Truly amazing
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks 🤙🏻🤙🏻
@liam5071
@liam5071 Жыл бұрын
Just what I needed, 👍
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
🤙🏻🤙🏻🤙🏻
@colleenmcfarland8298
@colleenmcfarland8298 Жыл бұрын
Was looking forward to laying some bricks this week but had another week off thanks to rail strike
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
It’s a nightmare our hod carrier is cycling miles to get to work because of it
@mikedavo4008
@mikedavo4008 Жыл бұрын
Great video mate from oz
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Cheers Mike hope you are enjoying the sun it’s freezing here 😂🤙🏻
@martinwall5679
@martinwall5679 Жыл бұрын
It's the truth that sorts the BS from the rest. You know who the Contractors who have stood the test of time from the here today and gone tomorrow merchants. Keep up the hard work.
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thanks Martin, totally agree. I remember when we set up discussing building a sustainable, reputable company and being in it for the long haul. Not just a gang that makes a quick quid. 🤙🏻🤙🏻 nothing wrong with that but just not what we want to be 🧱
@NoelJames-ly2px
@NoelJames-ly2px Жыл бұрын
Hi Lee - great video again. Just bear in mind that your OH calculations only work when you and Christian make up part of your 3-1 gang. As soon as you guys aren't part of the fee earning gang, you will also become an overhead. You might want to make an allowance in your OH calcs for the days you are not laying bricks - for example when you are in with your accountants, pricing jobs or otherwise non-productive. The cost of that non-productive time needs to be factored in as a OH cost also.
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Hi mate. Yep Defo. As we grow the company we then need to be factored in to oh. Completely agree 🤙🏻
@eastyorkshirejack
@eastyorkshirejack Жыл бұрын
Great video 👍
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Thank you 🙏🏻
@jordanrichardson9455
@jordanrichardson9455 Жыл бұрын
More of these kind of videos please mate something different in the bricklaying KZfaq community and helps a lot 👍🏻
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Now that I can do mate, appreciate the feedback 🤙🏻👌🏻🧱
@TopCatsBack
@TopCatsBack Жыл бұрын
And sometimes it's great not having far to fall or worry at night . If it's a toxic environment pick your kit up call them what they are and go ...I couldn't pander to a site agent or a customer my body would auto vomit .
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Yeah it’s what ever suits mate ain’t it. There’s a lot to be said for turning up earning money and doing as you please. I done it for years,
@michaelhammond9996
@michaelhammond9996 Жыл бұрын
Can you do a video about how you get your work and where you advertise etc
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Yes mate that’s coming in the next few weeks. Marketing is a hugeeee subject
@richarddavey7884
@richarddavey7884 Жыл бұрын
Brickies on site generally always moan about subbies getting paid way more than they pay out. Personally, i was one of those until some years ago i became a subby myself, on a small scale. The realisation very quickly set in that i had to price 20-25% above what i was paying, minimum. Most companies will stop a 5% retention ( to a limit, 30k in my case) thats 5% you don't see for a long time. At the time i think i was paying £350/th on timber frame. I was getting £450/th. £100 would seem a lot but the reality was it was hardly enough. I supplied mixers/diesel/ tubs out of that. Jet wash afterwards. I should have been nearer £500/th. In essence my margin needed to be nearer 50%. £22.50 of every thou laid went straight to retention. It no longer bothers me what a subby charges over what i would get paid. Also, i can pretty much guarantee that any daywork the subby has to pay his price brickies, the subby is getting nothing out of it, if its not actually costing them because main contractors either wont pay it or pay way less per hour than the bricky gets. Another factor for that margin. Great vid, wish you all the best and success going forward mate.
@tomhunt6487
@tomhunt6487 Жыл бұрын
That’s really surprising because I always thought my overheads were about £70 a day, but looking at how short and cheap your list is I’m going to have to go through this and scare myself 😂
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
😂 I was surprised myself. We cut back a lot of stuff a while ago. A fair bit of ours is for content creation but that’s a big part of plan moving forward 👌🏻🧱🤙🏻
@martinhames3434
@martinhames3434 Жыл бұрын
good video fella
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Much appreciated
@colleenmcfarland8298
@colleenmcfarland8298 Жыл бұрын
I've been offered 5 houses but roughly know my prices for the brickwork £700 a 1000 and £20m2 100mm blockwork but dpc insulation don't know and also got to start a firm to do it do you think them price are acceptable
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Where you based?
@colleenmcfarland8298
@colleenmcfarland8298 Жыл бұрын
@@Levelupconstructionmedia maidstone kent
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
@@colleenmcfarland8298 not sure of rates that way mate but we wouldn’t do a job for 700 a thousand because of reasons I mentioned In the vid, depending what insulation is in it depends on price. Tuesday video on pricing. Maybe use a QS for first job 🤙🏻
@martynpearson2766
@martynpearson2766 Жыл бұрын
Would you get some of this back through tax returns? Thanks for the content!
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Hi Martyn yeah some of it docked back. We can claim for stuff like fuel, vans, phones ands so on. That’s a great question and very relevant, forgot to mention that In video. Cheers dude
@nigelsmith1198
@nigelsmith1198 Жыл бұрын
I think your accountant is rinsing you .! As a limited company I only pay £1800 annually 🤔🤔 perhaps your set up is different to mine😊your insurance seems cheap though, do you cover your subbies or do they have their own.? Bloody good profit margin.!
@neilwheeler7786
@neilwheeler7786 Жыл бұрын
You forgot to mention that we ain't done fuck all In January x
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Literally fuck all 🤣🙈
@danieIlondon
@danieIlondon Жыл бұрын
You’re overpaying for accountant. Lots of online services these days
@Levelupconstructionmedia
@Levelupconstructionmedia Жыл бұрын
Good accountant saves you fortune. Needs to be personable for us
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