re-investing profits

UK Businesses Remain Cautious Despite Growth

UK Businesses Remain Cautious Despite Growth

Over half (62%) of UK businesses admit to having money leftover this year and 69% believe they will hold on to profits again next year, according to research compiled by accountancy and finance group ICAEW. The research, which polled 500 businesses, revealed that nearly a quarter of companies had 20% or more of their annual turnover remaining but only 36% had started investing this surplus cash back into the business. Of those surveyed, technology came out top as an of area business owners were planning to re-invest in at 66%. This was followed closely by employee training and staff development (63%) and marketing at 54%. According to ICAEW, the majority of businesses are still cautious after the recession with business confidence and long-term faith in the UK’s economic future said to be ... »