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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 are clearly facing challenges with supply chain issues and the cost of living crisis. When asked about the biggest threats facing their business over the next 6 months, more than half (53%) or respondents stated supply chain issues, 37% stated rising energy costs, and a further 27% stated the overall cost of living crisis.

When asked how their business is responding to both inflation and the cost of living crisis, 37% are having to result to changing to cheaper overseas suppliers, while 33% are focused on driving new innovation (e.g. launching new products or services, or introducing new systems to increase efficiency). However, an additional 33% are going the other way and reducing the number of goods or services being offered to streamline their business.

In dealing with supply chain complexities, companies are taking steps to make their supply chains more resilient. In the last 12 months 43% of South West businesses are introducing technology for supply chain analytics and a further 43% have regionalised the supply chain/nearshored production.

Latest Insights

What challenges does Off-Payroll working continue to pose for the public sector?

Listen to our South West Employment Tax team discuss Off-Payroll working and how they have seen this effect clients in the public sector

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Private Client News

April 2022
Read our latest insights from regional experts, as well as updates on local events and resources.

Read our latest newsletter

Guidebook: Building an intelligent growth strategy

Read our latest guidebook, exploring the importance of taking a data-led approach to assessing business performance & identifying key barriers to growth.

Download our guidebook

BDO invests in Bristol to support new ways of working

March 2022
Our new look Bristol office.

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When the time is right; Do you know your succession options? BDO | Laver Wealth

Watch BDO and Laver Wealth Management Ltd explore the options for business owners when it comes to succession planning, including your selling options.

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What South West businesses need to know if they’re thinking about Private Equity Investment

February 2022

Everything you need to know

Going for growth in the South West

February 2022
Our latest Rethinking the Economy survey of 500 mid-sized businesses explored the immediate priorities for South West businesses, and the top three were all centred around enabling and sustaining growth.

Read about the top priorities

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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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 2022?

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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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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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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Speak to local experts in the South West.

BDO South West