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Business
barometer.


The results of the spring 2017 barometer are out

BDO



Our latest Thames Valley Business Barometer report published today reveals that economic confidence and performance indicators head back up to pre-Brexit levels amongst Thames Valley businesses, with almost half (49%) of companies surveyed stated that profitability has increased in the last six months compared to 30% in the Autumn. A similar pattern was also observed with regard to turnover, with 54% reporting that it had increased versus 36% towards the latter half of 2016.

The survey, which was conducted between late March and early May of this year, revealed that 69% of business leaders felt that general levels of economic confidence had either improved or remained the same in the last six months. This compared to just 47% last time around, suggesting a dramatic improvement in confidence which is now impacting on business performance with a steady increase in turnover, profit and pipeline. On top of this, confidence levels are getting closer to the levels in 2015 with over 90% of business leaders surveyed feeling positive about the economy.

The latest Business Barometer also looked at data protection matters and, in particular, the region’s awareness and preparation for the new EU Data Protection Regulation (GDPR). Coming into force on 25th May 2018, we were pleased to see that 87% of respondents reported being aware of the new regulations. Despite this awareness, almost half (47%) have yet to put processes in place to ensure they will be compliant when it does even though 76% said they were aware of what they could be fined. Regardless of what happens with Brexit, GDPR will be applied and those choosing to run the risk fines of up to 4% of their global turnover or €20M, whichever is greater.

This time around, 96 businesses across the Thames Valley took part in the Barometer survey. Carbon Black, Core to Cloud, Courtiers, Ella’s Kitchen and The Knowledge Academy are also profiled in the report, sharing their perspectives on their own performance and the key challenges they face in the run up to GDPR. 


For more information on the full report please click here. If you would like to receive a hard copy, please email Paula Elliott on paula@c8consulting.co.uk or call Paula on 0118 949 7736.

To find out more about the report or to be profiled in the next Barometer please also contact Paula Elliott, MD, C8 Consulting.

 

 

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