FDs see benefit of the recession
Less well-managed rivals will disappear, while well-run companies will fly out of the blocks in the upturn, say FDs
Many finance directors believe the recession will benefit their business in
Half of the FDs from medium-size businesses surveyed by Baker Tilly said the
recession will see them better structured to take advantage of an upturn,
particularly as less capable rivals disappear.
Around a quarter of companies surveyed are considering making acquisitions in
the next 12 months.
But 35% of respondents are worried about the lack of financing available for
their business, compared to 23% six months ago.
The firm surveyed 100 public and private companies across sectors, with
turnover between £20m and £250m.