British companies are anxious in regards to the impression of economic uncertainty on their companies over the following 12 months, in accordance with a brand new survey, with rising inflation, vitality costs and uncooked materials prices elevating issues.
The analysis by Marsh, an insurance coverage dealer and danger advisor, discovered that 31% of companies are involved about worker well being and well-being, and 23% are anxious about provide chain disruption.
The information was collected in Might and June this yr, from greater than 2,100 companies with annual turnover of between £100,000 and £500m.
Whereas monetary uncertainty is probably the most regarding concern for UK companies, solely 34% of respondents cited it as a major concern, down from 43% in 2021.
Extra positively, half of respondents count on a rise in productiveness, 47% count on a rise in turnover and 46% count on a rise in profitability.
Learn extra: Funding Circle finds SMEs resilient regardless of challenges
“The UK danger atmosphere during the last yr has been closely impacted by macroeconomic adjustments, in addition to the trickle-down results of geopolitical occasions,” commented Alistair Fraser, CEO, business and company at Marsh UK.
“From sole merchants and fast-growing corporations to giant established corporates, no business entity within the UK is exempt from requiring a sturdy method to danger administration. This report tells a narrative of the very broad spectrum of dangers going through UK companies and supplies sensible recommendation on how you can sort out them, serving to strengthen the resilience that they should develop with confidence.”
Learn extra: UK SMEs stay bold amid uncertainty
Though companies are working in a troublesome atmosphere, almost half of the respondents additionally count on to extend capital funding over the following 12 months. Small and medium-sized companies are probably the most assured of their future prospects, whereas microbusinesses are extra cautious.
With many companies persevering with to speculate for development regardless of the difficult market situations, there could possibly be elevated alternatives on the horizon for different lenders as nicely.
Nonetheless, a latest report from SME funder Praetura discovered that 59 per cent of such companies struggled to entry financing within the final 5 years. And 46 per cent of small companies see entry to finance as one of many largest challenges they face.
Learn extra: SME funding hole: Corporations unable to entry development finance