Cautious businesses delaying investment
Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU.
As a result of their collective cautiousness, 61% of those firms surveyed reported a cash surplus in 2016/17 with 64% anticipating similar results from 2017/18.
37% have no plans to invest their cash reserves in the next 12 months, with 49% of those wanting to remain flexible, 32% braced for further uncertainty and 30% citing no investment opportunities.
If you’re looking for ways to invest a cash surplus, one option could be to reinvest in your business.
In an increasingly digital environment, updating your IT infrastructure would ensure your systems remain up to date.
However, more traditional options such as developing staff and investing in the latest technology could pay off in the long term.
For further information on Business Investment, please contact Geoff Rhodes on 023 8046 1239.