Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Tradespeople warned of tool theft crime wave

4 July 2023

Tradespeople are being urged to step up security as theft of tools and equipment is sweeping through UK construction sites.

New research by NFU Mutual has found that a worrying 89% of tradespeople have experienced theft. Now crime specialists are warning that world events, including the conflict in Ukraine, is driving up demand for stolen goods.

NFU Mutual is warning people not to be complacent as its study finds that 78% of tradespeople and contractors admit they have left machinery and tools in a vehicle overnight. Vans are a key target for criminals, with nearly six in ten experiencing theft from their vehicle (58%). And over half (55%) have experienced theft of their items from a building site, as 83% say they have left portable tools and equipment on site overnight.

Tradespeople say the main impacts of these thefts include loss of income (55%) and extra costs to replace or hire new kit (43%). Over a third also say that theft has an impact on their mental health (34%).

How to protect equipment and tools

Despite this, the study found a significant number (43%) of tradespeople don't have a full list or know the value of what they own, which could make it difficult to report crimes to the police or track recovered items back to their owners. The findings also show that:

  • Only 59% of tradespeople record tool/equipment serial numbers;
  • Just 41% keep photographic evidence of their tools and 17% video their equipment.

"The cost of replacing kit and machinery has increased significantly due to supply chain issues in recent times," said Zoe Knight, commercial specialist at NFU Mutual. "We are advising tradespeople to know what they own by recording serial numbers and keeping up to date with current market values."

The Equipment Theft (Prevention) Bill has passed through the House of Commons and is expected to be signed into law later this summer. It aims to ensure high-value tools and machinery are marked, registered and traceable if stolen, making it harder for thieves to sell stolen tools, and help reunite them with their owners.

"There is nothing more frustrating than having to hand suspected stolen property back to a known offender, because the person who has lost them didn't take the time to accurately record the information when they purchased them. This means that we also can't prosecute and bring offenders to justice, meaning they can carry on stealing tools without fear of retribution." Detective Constable Chris Piggott, field intelligence officer for the National Construction and Agri Thefts Team.

Security advice for tradespeople from NFU Mutual

  • Minimise storage of tools and equipment in vans.
  • Don't leave items on display in a van.
  • Make sure vans are alarmed and park against a wall so that doors cannot be easily opened.
  • Use locks on buildings which comply with BS3621.
  • Consider intruder alarms for high-value equipment.
  • Store portable items within a robust, lockable store that is fixed in place.
  • Secure free-standing equipment to a fixed point even in a building.
  • Restrict and control vehicular access to the work site.
  • Consider a video security system.
  • Security mark your tools and equipment.
  • Don't stockpile high-value materials such as lead and copper.
  • Use CESAR marking, tracking and immobilisation for construction vehicles .
  • Check all locks and security measures before leaving any site.

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.