Construction Finance Directors / FD’s
Are your looking for an FD or CFO from the Construction sector? Or a Finance Director that has previously worked with Construction businesses? Then you have come to the right place, here at FD Capital Recruitment we have a large database of candidates all with Construction sector expertise.
Having previous experience within a Construction business is essential for an FD to be able to make the biggest impact.
Construction Finance Directors
The construction industry of the United Kingdom contributed gross value of £64,747 million to the UK economy in 2004. The industry employed around 2.2 million people in the fourth quarter of 2009.There were around 194,000 construction firms in Great Britain in 2009, of which around 75,400 employed just one person and 62 employed over 1,200 people. In 2009 the construction industry in Great Britain received total orders of around £18.7 billion from the private sector and £15.1 billion from the public sector.While manufacturing in the United Kingdom shrank as a proportion of the economy between 1948 and 2013, replaced by the service sector, construction remained relatively flat at about 6% of the economy.In 2013 the government unveiled the Construction 2025 industrial strategy.
The UK construction sector plays a significant role in the country’s economy, contributing to infrastructure development, housing, and overall economic growth. It encompasses a wide range of activities, including residential and commercial construction, civil engineering projects, and specialized trades. Here are some key aspects of the UK construction sector and its impact on the economy
Contribution to GDP: The construction industry is a significant contributor to the UK’s gross domestic product (GDP). It generates substantial economic activity and employment opportunities. According to the Office for National Statistics (ONS), the construction sector accounted for approximately 6% of the UK’s GDP in recent years.
Employment and Workforce: The construction sector is a major employer in the UK, providing jobs to a diverse range of workers. It encompasses various trades and professions, including architects, engineers, project managers, surveyors, skilled laborers, and support staff. The sector employs both permanent and temporary workers, contributing to overall employment levels and income generation.
Infrastructure Development: The construction sector plays a crucial role in infrastructure development, which includes building and maintaining transportation networks, such as roads, railways, airports, and ports. Infrastructure projects create jobs, enhance connectivity, and support economic activity by improving access to markets and facilitating trade. The UK government has been emphasizing infrastructure investment to stimulate economic growth and address infrastructure deficiencies.
Housing and Real Estate: The construction sector is a key driver of the UK’s housing market and real estate industry. It encompasses residential construction, including the building of houses, apartments, and affordable housing units. The demand for housing in the UK continues to be significant, and construction companies are involved in meeting this demand through new construction projects and renovations. The sector’s performance can be influenced by factors such as government policies, housing affordability, and demographic trends.
Public and Private Sector Projects: The UK construction sector engages in a wide range of projects, both in the public and private sectors. Public sector projects include government-funded infrastructure initiatives, such as schools, hospitals, and public transportation systems. Private sector projects involve commercial and residential developments driven by private investors and real estate developers. These projects contribute to economic growth, job creation, and urban development.
Skills and Training: The construction sector requires a skilled workforce to execute projects efficiently and maintain high-quality standards. Skill shortages in certain trades and professions can present challenges to the industry. Efforts have been made to promote apprenticeships, vocational training, and upskilling programs to develop the necessary talent pool. Collaborations between industry stakeholders, educational institutions, and training providers are crucial for addressing skill gaps and ensuring a competent workforce.
Economic Impact and Supply Chain: The construction sector has a ripple effect on the wider economy through its supply chain activities. Construction projects require various materials, equipment, and services, leading to business opportunities for suppliers, manufacturers, and service providers. The sector’s demand for goods and services stimulates economic activity in related industries, creating indirect employment and contributing to the overall economic output.
Sustainability and Innovation: The UK construction sector has been increasingly focused on sustainability and innovation. There is a growing emphasis on environmentally friendly construction practices, energy-efficient buildings, and sustainable infrastructure. The industry is embracing digital technologies, Building Information Modeling (BIM), and off-site construction methods to improve efficiency, reduce waste, and enhance project delivery.
The UK construction sector plays a vital role in the country’s economy, contributing to GDP, employment, infrastructure development, and housing. It is an essential driver of economic growth, attracting investment and supporting related industries. As the sector continues to evolve, addressing challenges such as skill shortages, adopting sustainable practices, and leveraging technological advancements will be crucial for its long-term success and contribution to the UK economy.
About FD Capital Recruitment – your Finance Director and CFO specialists.
Formed in 2018 FD Capital Recruitment was founded with the objective of becoming a leading provider of Finance Directors and CFO’s. We regularly recruit senior finance positions for the construction sector.
We offer three solutions :-
Part-Time FD’s and CFO’s our idea being to bring the skills and experience that finance directors have gained in larger corporates and plc’s and make them available to SME’s on fractional time basis.
Interim FD’s and CFO’s available for short term assignments
Full Time FD’s and CFO’s – we’ll find the perfect senior financial professional for your business and its requirements.
We have grown and grown and had our busiest year so far in 2020 with some of our team working six days per week. Many of our team and most of our candidates are ICAEW qualified. See more of the areas covered by FD capital here.
Our main offices are based in Great Portland Street, London.
We pride ourselves on always being friendly and professional, plus our approach reflects that we are team made up of FD’s and professional recruiters, so you can be sure of talking with someone who knows first hand what your issues and situation is likely to be. Many of our team have been entrepreneurs themselves so can really relate to our owner manager client base. See our sectors page to find more of our specialist Finance Directors.
Because we are so experienced we always find the best candidates.
Recruit a Construction sector Finance Director
At FD Capital Recruitment, our leadership team are CFOs and Finance Directors. As a business ourselves, we understand what you need and want to ensure the streamlined running of your business.
Are you interested in finding out more about what a Finance Director could do for your business? Call us today on 020 3287 9501 to find out more about our services and recruit a part-time Finance Director in London. At FD Capital Recruitment, our team of Finance Directors and Portfolio FDs are experts in their fields and ready to help you grow your business.
Recruiting a Finance Director for Your Business
Recruiting a Finance Director for the construction sector is a crucial process that requires careful consideration and a strategic approach. The Finance Director plays a vital role in managing the financial aspects of a construction company, overseeing budgeting, financial planning, and reporting, as well as ensuring compliance with relevant regulations and optimizing the company’s financial performance. When recruiting a Finance Director for the construction sector, the following factors should be taken into account:
Industry Experience: The construction sector is unique and has specific financial challenges and requirements. It is essential to look for candidates with substantial experience in the construction industry or related fields. A Finance Director with knowledge of construction project financing, cost accounting, and project management will bring valuable insights and expertise to the role.
Construction Finance Director
Financial Acumen: The Finance Director should possess a strong financial background, with expertise in financial analysis, budgeting, forecasting, and risk management. They should be able to navigate complex financial models, evaluate investment opportunities, and provide strategic financial guidance to the construction company’s leadership team.
Regulatory Compliance: Construction companies are subject to various regulatory frameworks and compliance requirements. The Finance Director should have a thorough understanding of these regulations, such as tax laws, building codes, and industry-specific regulations. They should ensure the company’s financial operations are in line with legal and regulatory obligations.
Construction Project Knowledge: Construction projects often involve long project timelines, cost management, and cash flow considerations. A Finance Director well-versed in construction project management will be better equipped to handle the financial intricacies associated with multiple ongoing projects, track project costs, manage progress payments, and optimize resource allocation.
Leadership and Communication Skills: The Finance Director should possess strong leadership qualities and the ability to communicate effectively with various stakeholders. They should be able to collaborate with other departments, such as project management and procurement, to align financial objectives with overall company goals. Excellent communication skills are essential for presenting financial information to the board of directors, investors, and other external parties.
Technological Proficiency: The construction industry is becoming increasingly reliant on technology for financial management. The Finance Director should be familiar with construction-specific financial software, project management tools, and accounting systems. Knowledge of enterprise resource planning (ERP) systems commonly used in the construction industry, such as Procore or Viewpoint, is advantageous.
Analytical and Problem-Solving Abilities: The construction sector often faces financial complexities, such as cash flow fluctuations, cost overruns, and contract variations. The Finance Director should have strong analytical and problem-solving skills to identify issues, propose solutions, and implement effective financial strategies to mitigate risks and optimize financial outcomes.
Cultural Fit: While the technical skills and experience are crucial, it’s also essential to consider the candidate’s cultural fit within the organization. The Finance Director will be working closely with other departments and executives, so finding someone who aligns with the company’s values, vision, and work culture is important for fostering a collaborative and productive environment.
Recruiting a Finance Director for the construction sector should involve a comprehensive evaluation of candidates’ qualifications, experiences, and their alignment with the company’s strategic goals. Conducting interviews, reference checks, and assessments can help identify the most suitable candidate who can successfully navigate the unique financial challenges faced by the construction industry.
Your FD is the person who will help you develop your company’s financial strategy by incorporate policies and systems to streamline your operations. A Finance Director will liaise with third-party contacts and other organisations you work with, including services, to ensure you’re getting value for money.
Along with overseeing daily activities like budgeting, a Finance Director is vital to the long-term development of your business. You want to find someone with strong interpersonal and communication skills who can work with you and your team. As your business expands and meets its growth goals, you can move your London Finance Director from a part-time to a full-time position when the time is right for you.
Recruiting a Finance Director for your business
Do you need help understanding and planning your business’ finance?
Call us today on 020 3287 9501. We can help recruit a part-time London Finance Director to help your business long term. FD Capital is also available to assist with grant programmes, along with recruiting a Finance Director in the surrounding M25 area, and the West Midlands.
If you are planning to recruit an FD for your London based business, make sure to speak with FD Capital Recruitment today. You might be interested in recruiting a London CFO from FD Capital.
Construction Finance Director Recruitment
Here at FD Capital Recruitment we specialise, FD’s and CFO’s are all we do, so you can be certain we understand your requirements and can find you the perfect candidate for your role and business.
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