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

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

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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