Removals and Storage: Costs, Margins and Benchmarks

Carl Trigg  ·  October 2026  ·  6 min read  ·  Free calculator

The ONS counted 3,234 removal businesses registered for VAT or PAYE in 2024, with turnover of £1.4bn. Storage is counted under warehousing and storage, which is dominated by large logistics warehouses, so it is a rougher guide for a small self-storage or container-storage business.

The figures

2024Removal servicesWarehousing and storage
Businesses (VAT or PAYE registered)3,2344,477
Total turnover£1.4bn£36.0bn
Average turnover per business£442,000£8,038,000
Staff costs, % of turnover36.9%33.0%
Bought-in goods and services, % of turnover28.0%57.1%
Left after staff and bought-in costs, % of turnover35.2%9.8%

Source: ONS Annual Business Survey, 2024 results (published 26 May 2026). It covers businesses registered for VAT or PAYE, so the smallest sole traders are not included. Averages are pulled up by the largest firms. For sole traders and partnerships, the owners’ own pay is not in staff costs: it comes out of what is left.

Removals is labour-heavy: crews, packing and driving. Staff costs took 36.9% of turnover, while bought-in costs were lower than in most transport trades.

How it has changed since 2019

Removal services: turnover rose 29% between 2019 and 2024, against a 24% rise in consumer prices, so it grew in real terms. The number of businesses rose 32%. Staff costs went from 31.7% to 36.9% of turnover, and what was left after staff and bought-in costs went from 21.2% to 35.2%.

Warehousing and storage: turnover rose 56% between 2019 and 2024, against a 24% rise in consumer prices, so it grew in real terms. The number of businesses fell 23%. Staff costs went from 23.8% to 33.0% of turnover, and what was left after staff and bought-in costs went from 15.1% to 9.8%.

What this means for a removals or storage business

Compare your business

Choose the closest match, then enter your figures.

Removals and storage: Cost Benchmark

Guides that fit this trade

Sources

Put This Into Practice

Free Excel templates for time studies, debtor days and staff costs. Enter your email once and download them all.

Get the Free Templates →

Want an independent view of your own numbers? See the Diagnostic Assessment.