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Productivity outperforms confidence in the Thames Valley in 2019

20 January 2020

Businesses in the Thames Valley forecast a decline in turnover, despite reporting strong productivity levels

Accountancy and business advisory firm BDO LLP’s latest Thames Valley Barometer report reveals the confidence levels and predictions on Brexit and productivity of over 100 businesses in the Thames Valley over the next six months.

Despite low confidence, productivity remains high with 65% of businesses scoring their productivity levels between six and eight, with ten being the optimum. There are two clear areas with room for improvement with 34% citing internal processes and 29% citing excessive workloads as barriers to achieving higher productivity levels.

The report, in collaboration with C8 consulting, is supported by a panel of over 30 business leaders whose latest roundtable discussion included commentary on the changing landscape of business in the Thames Valley, including the increase in agile working and how the region can compete with the capital.

David Brookes, Partner and Head of BDO in the Thames Valley, commented,

“Whatever their views on Brexit, businesses will be pleased to see an outcome, as signified by the severe contrast in confidence levels pre and post-referendum.

“Since spring 2016, the percentage of businesses stating that they felt confidence levels had dropped, has doubled. It will be interesting to see if confidence levels increase now that it appears that the United Kingdom is highly likely to leave the EU at the end of this month.”

The survey and report will be run again in spring 2020, giving a clearer picture as to how these businesses feel following the general election, Brexit and the Budget.

ENDS

Note to editors

Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy. 

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed. 

BDO LLP

BDO LLP operates in 17 locations across the UK, employing nearly 5500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.

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The BDO global network provides business advisory services in 167 countries, with 88,000 people working out of 1,800 offices worldwide. It has revenues of $9.6bn. 

Contacts

Kevin Hunter
Business Development Manager on behalf of BDO LLP
kevin.hunter[email protected]
+44 (0)118 952 4780

BDO press office:
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