The latest findings from the Investec Entrepreneur Confidence Index which tracks the confidence levels of leading UK mid-market entrepreneurs, reveals one in three (33%) expect the UK economic climate to deteriorate over the next 12 months, with only 27% expecting it to improve. However, this is an improvement on the Index findings from December 2011, when the corresponding figures were 49% and 13% respectively2. |
Despite a number of mid-market entrepreneurs feeling negative about the country’s economy, when it comes to their own enterprises, the vast majority expect them to grow. For example, when asked about what they expect to happen to the revenue of their UK businesses over the next 12 months, only 4% expect it to decline. Some 87% expect it to grow, with just over one in four (27%) expecting growth of over 20%.
Similarly, when it comes to cashflow, 70% expect it to grow over the next 12 months, and only 7% anticipate it will fall. In relation to profits, only one in ten expect them fall, compared to 81% who anticipate growth.
Source:Citigate Dewe Rogerson