BDO’s Yorkshire and North East team, based in Leeds, has served Britain’s economic engine for over 15 years. We offer a diverse breadth of services across the region and a number of our national sector specialists, including the national BDO head of food and drink and head of transport, logistics and supply chain management, sit in our region.
REGIONAL SNAPSHOT
Business leaders in Yorkshire and the North East remain bullish, and with good reason: the region has a diverse mid-market ecosystem that was growing fast before the coronavirus pandemic.
In the new reality, it is likely some sectors, such as manufacturing and retail, will have to react and build resilience before realising future benefits. But there are also many sectors, from food and drink to FMCG that could be naturally resistant to the shocks of Brexit and the Covid-19 pandemic.
BDO RESEARCH HIGHLIGHTS
Yorkshire business leaders fear rising energy prices and fuel price increases will impact their end of year trading.
According to our latest Rethinking the Economy data, 40% of businesses in the region are planning to increase the prices of their goods and services as a result. Almost a third reported that ongoing COVID-19 restrictions may impact their ability to offer their usual range of goods or services.
Despite these pressures, nearly two thirds of companies in the region expect to see their revenues return to pre-pandemic levels within 12 months. However, one in five businesses shared concerns that Government-imposed environmental and sustainability targets could impact their business over the next 12 months.
The data also showed companies in the region are already taking this into their own hands with 90% of Yorkshire companies surveyed having strengthened or set new sustainability targets following the UK's presidency of COP26.