Business confidence falls.but help is at hand
A respected measure of UK business confidence has delivered a downbeat picture in its update on the fourth quarter of 2011.
The UK Business Confidence Monitor, produced by the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, revealed that the percentage of businesses feeling less confident about the coming 12 months had risen from 19 per cent in the third quarter of 2011 to 24 per cent in the fourth quarter.
It also found that business confidence has suffered its largest quarterly decline since the survey began in 2004 and its confidence index was now at its lowest level since the depths of recession in 2009. The full survey can be found here.
In the current economic climate, it is not surprising that businesses are proceeding with caution when making decisions on issues like hiring and investing.
Working with independent advisory experts can help business owners and managers to step back from their operations, look at the bigger picture and identify cost-effective ways to move forward.
Our business advisory team can help to review issues including strategic direction, customer retention, sales and marketing and strategies to maximise profitability, even in challenging times, and assist businesses to operate more efficiently and effectively. For more information, please contact us.