Two thirds of Yorkshire businesses grew turnover and profits in last year suggests new survey

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Two thirds of Yorkshire businesses grew turnover and profits in last year suggests new survey

Lifetime news

Posted on: 05/11/2013

Two thirds of Yorkshire businesses grew their turnover and profits in the last year, while half also boosted their workforce, according to a new survey.

And looking ahead, nearly nine in ten (87%) executives are expecting further turnover growth, while more than four in five (82%) are anticipating a profit rise in the next 12 months.

KPMG’s third annual Yorkshire Business Instinct Survey also shows that employment prospects in Yorkshire are on the up, with two thirds (65%) of businesses intending to grow their workforce in 2014.

When asked for the main drivers of growth, the top answers related to increased domestic sales (71%) and economic recovery (52%).

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