Quoted Companies Alliance have released the results of their fifth QCA/BDO Small and Mid-Cap Sentiment Index. QCA reports that while companies' confidence in their own prospects has risen, small and mid-caps do not intend to increase their headcount or turnover as much as they did last quarter. It seems that we are stuck in a holding pattern.
You can access a full copy of the report by clicking the link below:
Some highlights from the results include:
- 64% of small and mid-cap quoted companies are optimistic about their own business prospects – up from 55% in July.
- 55% of small and mid-cap quoted companies are pessimistic about prospects for the UK economy in the next 12 months – down from 71% in July.
- 46% of companies cite a lack of confidence in the market as the main impediment to growth.
- 34% of companies and 37% of advisory firms think allowing AIM and PLUS-quoted shares into ISAs would have the biggest positive impact on the sector were it to be announced in the Spring Budget. 59% of companies and 49% of advisory firms currently see greater growth opportunities for the sector overseas rather than domestically.