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 to return to pre-COVID-19 revenues in the next 7-12 months, while positive they face pressure from unpredictable demand, staff shortages and getting access to funding.

REGIONAL HIGHLIGHTS

Our latest rethinking the economy survey, found that mid-market businesses in the South West fear that inflation and supply chain disruption will have the biggest impact on their business over the coming year. Access to staff and recruitment also remains a prominent issue as almost a third (30%) of businesses are prioritising future investments in training and upskilling existing employees, while a further 14% plan to make improvements to physical premises.

Despite these concerns, optimism shines through as 44% of companies in the region expect to see their revenues return to pre-pandemic levels within a year, and more than a quarter (27%)believe the Governments investment in public services will have the greatest impact on their business.

When asked about the immediate priorities over the next 3 months, business leaders in the region are focused on managing higher operational costs, restructuring workforces, and managing cash flow.

Latest Insights

Staff and supply chain issues hamper South West businesses, but growth remains in the agenda

October 2021
During a highly unpredictable trading period, the need to be flexible and adapt to the ever-changing landscape has never been greater.

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Thames Valley & West welcomes a record number of trainees

September 2021
We have welcomed a record number of trainees in 2021, with more than 600 joining across its graduate and apprenticeship programmes since the start of the year – 36 of whom will be based in the Thames Valley and 21 of whom will be based in the South West.

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Technology and talent key to future prosperity

March 2021
52% of businesses in the South West are looking beyond the here and now and starting to consider succession planning.

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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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Are you ready for 2021?

Upcoming changes in VAT and other indirect taxes.

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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.

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Is the future bright for the South West region?

February 2021

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Rethinking your route to growth

November 2020

Looking ahead

Rethinking the Finance Function of the Future

Helping you maximise productivity from your finance function.

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Optimism for dealmakers in 2021

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

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Explore our South West Insight archive

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