Lincolnshire businesses have started 2015 on a positive note, researchers say.
The latest Lincolnshire Economic Briefing, published by the Lincolnshire Research Observatory in March, found that 60 per cent of county businesses completing a survey expected turnover to increase over the next 12 months, up from 53 per cent in the previous quarter, and 50 per cent were anticipating improved profitability, a rise of three per cent on Q4 of 2014.
A quarter (25 per cent) expected their workforce to grow over the next 12 months, up from 18 per cent in the previous quarter.
Domestic sales and orders slipped back on Q4 2014 levels but overall, 83 per cent said sales had stayed the same or improved. The same percentage said overseas sales had stayed the same or improved, up from 75 per cent in Q4, while the percentage reporting improved overseas orders shot up from 26 per cent to 33 per cent.
With Lincolnshire businesses upbeat about the future, employers that are planning for investment and expansion – or putting in place strategies to take their enterprises forward in the longer term – may find it helpful to work with experienced business advisors, like Moore Thompson.
Our experienced team can provide expert advice to help ensure enterprises of all ages, sizes and sectors are in the best possible shape for sustainable growth and job creation. For more information, please contact us.