BDO provides a full audit, tax and business advisory service to clients in every major financial centre from Swindon down into the South West Peninsula and from Cheltenham to Poole, taking in Exeter, Plymouth and South Wales. .

REGIONAL SNAPSHOT

South West businesses are expecting permanent changes to their target market and see a bigger workforce in their future, following the pandemic. Managing both domestic and international supply chains following the EU/UK trade agreements are top of the agenda, along with growing revenues as lockdown restrictions are eased over the next three months.

REGIONAL HIGHLIGHTS

According to our latest survey results, optimism shines through as 80% of South West businesses believe now is the right time to invest in their business. In the next three-six months 66% of businesses expect to grow their workforce compared to what it was pre-pandemic, 40% plan on merging with or acquiring another business, and another 40% plan to on-shore new suppliers. However, businesses see the biggest barriers to growth over the next six months as; access to funding (33.33%), customer confidence (30%), and Brexit related issues (17%).

Working from home remains a hot topic as 40% of businesses believe that more remote and flexible working will help ease the skills gap, as businesses will have access to a wider talent pool, and 36% think that it will improve social mobility.

Latest Insights

South West businesses invest in agile workplaces and sustainable growth

June 2021
We look ahead at how mid-sized businesses are rethinking the way they work and whether companies are making any environmental commitments ahead of COP26 in November.

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Medium-sized businesses are ready to invest but targeted Government support needed for survival

February 2021
Our latest data shows how lockdown is taking its toll on medium-sized businesses, with 50% warning that they could cease trading in less than two months if restrictions do not ease.

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Technology and talent key to future prosperity

52% of businesses in the South West are looking beyond the here and now and starting to consider succession planning.

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Is the future bright for the South West region?

February 2021

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Optimism for dealmakers in 2021

Read our M&A market overview from the Business Leader Magazine.

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Rethinking your route to growth

November 2020

Looking ahead

Are you ready for 2021?

Upcoming changes in VAT and other indirect taxes.

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Rethinking the Finance Function of the Future

Helping you maximise productivity from your finance function.

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BDO 7p model

Realise your business potential.

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Explore our South West Insight archive

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