New figures today released by serviced office provider, Regus, have shown that exporting firms are reporting better revenue and profit figures, together with renewed business confidence.
2,700 businesses were surveyed in a bid to analyse revenue figures and determine confidence amongst the UK’s enterprises.
The amount of firms expecting revenue growth in the next 12 months fell dramatically from a similar survey done in April. Only 36% of UK businesses have achieved the growth they expected they’d see, lower than firms in other western European countries such as Germany and France.
UK companies seeing rises in profits decreased by 3%, a figure that was again dwarfed by other major economies.
But the UK’s internationally-trading firms were reporting better figures, in terms of profit and revenue, than domestic-only businesses. UK companies with an interest in overseas markets were also much more confident in business.
However, most businesses were in agreement that a bounce-back from the gloom and doom of the current business climate was still a year away. 62% of firms expect a strong recovery to begin in earnest in the latter half of 2012.
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Approximately one in three businesses using invoice factoring or invoice discounting across the UK are manufacturers (as of end of 2015)