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

Staff shortages and COVID related debts are the two key areas that may curb the growth of Yorkshire & North East businesses.

According to our latest Rethinking the Economy data, more than a third of Yorkshire companies admitted that unexpected delays from domestic suppliers were significantly affecting their ability to operate at normal levels, with 30% citing low stock levels and nearly a fifth blaming staff shortages.

As a result, many regional businesses are considering reducing their product lines or services to help manage staff shortages, with 47% of companies admitting they would have to act within the next month if the situation doesn’t change. Many businesses anticipate that this reduction in services will only be a temporary measure, with 40% of regional companies exploring incentive schemes, such as referral bonuses, to help plug the skills gaps.

Latest Insights

Yorkshire businesses seek private equity funding in growth push

October 2021
Nearly a quarter of Yorkshire businesses are looking for private equity investment, in a bid to achieve post-pandemic growth.

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National Minimum Wage - what should your latest considerations be?

October 2021
Key reminders for employers to consider following recent changes in NMW legislation.

WHAT SHOULD YOU CONSIDER?

Regional investment opportunities following Freeport announcement

August 2021
Yorkshire & Humber businesses rethink investment plans in light of Freeport announcement.

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The impact of the NIC Increase for Northern business

September 2021
On Tuesday 7 September 2021, the Government announced that from April 2022 NIC will go up by 1.25% with the introduction of the ‘Health and Social Care Levy’.

How will this impact northern businesses?

Employee engagement lies at the centre of regional recovery

June 2021
Businesses across Yorkshire are gearing up for new ways of working in a bid to recover from the effects of the global pandemic.

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Resilience is key to Yorkshire’s economic recovery

April 21
Resilience is synonymous with Yorkshire; this alongside the ambition to succeed, have defined the region far beyond the confines of the last 12 months.

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Judges commend remarkable level of talent amongst Yorkshire's Finance Leaders

The Yorkshire Finance Leaders Awards returns in 2021 to honour and celebrate our region's strong finance community.

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Yorkshire & North East Latest videos

Our local BDO contacts delve into some of the key issues and trends in Yorkshire & the North East.

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Podcast series - Yorkshire & North East

We share our thinking on a range of current issues and future changes affecting businesses in the region.

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Supporting business resilience, stability and growth

February 2021
How businesses can manage increased levels of debt.

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BDO 7p model

Realise your business potential.

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Explore our Yorkshire and North East Insight archive

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