Scottish business performance picks up but concerns remain - Business Credit News UK
Member's Login


Save password
Forgot your password?
 Why Register?
 Register Now

Latest News Highlights
Brian Johnson, insolvency partner at the chartered accountants HW Fisher & Company, comments on the insolvency stats
Q4 2014 insolvency statistics – R3 comments
New Links
Scotland Debt Solutions
Real Business Rescue

Jan 29 2015
Add this page to your favourites Need help navigating this site? View a map of this sites contents
Home > News > Article
Scottish business performance picks up but concerns remain

Apr 13 2012
Businesses in Scotland have seen a slight improvement in performance in the first quarter of 2012 compared to the same period last year, according to figures published by the Scottish Chambers of Commerce (SCC).

The SCC, which represents thousands of businesses across all sectors of the Scottish economy, said that although business confidence was on the up, 'widespread difficulties' still remain for businesses.

According to the quarterly figures, trends in orders and sales in most sectors were stronger, particularly in manufacturing and tourism, leading to what the SCC called a 'modest but uncertain' recovery.

Manufacturing turnover is expected to improve for almost half of firms, with balance profitability expected to rise for the first time since the end of 2010. Business confidence in the tourism sector also improved, with expectations for the year ahead said to be at their highest level in four years, although two thirds of businesses stated that lack of tourist demand, poor transport infrastructure, high fuel costs and poor marketing remained a concern to hotels.

The survey also revealed that pay increases in the first quarter of 2012 ranged from 2.5 per cent in construction and retail to 3.8 per cent in tourism - all well below the rate of inflation and insufficient to aid tightened household spending.

Retail performance however, remained 'very low', blamed on weak consumer confidence and spending, and reflected in the closure of many high street shops.

Garry Clark, Head of Policy and Public Affairs at Scottish Chambers of Commerce, said: "Businesses are now more confident as to the year ahead, but confidence varies between sectors and Scottish regions.

"The recovery remains tentative and uncertain and governments at both the UK and Scottish level need to act to support and encourage the recovery, and to recognise that a 'one size fits all' approach is not always appropriate and that specific measures may be required to ensure our rural and island businesses can grow and remain competitive."

Print this article     
Post News
News Archive
News Search
Letter To Editor
News Headlines
Brian Johnson, insolvency partner at the chartered accountants HW Fisher & Company, comments on the insolvency stats
Q4 2014 insolvency statistics – R3 comments
Insolvency Statistics – October to December 2014 (Q4 2014)
Baker Tilly responds to latest personal insolvency figures
Euler Hermes: China insolvencies to increase in 2015
Meeting of Creditors Liquidation Notices - Section 98 of the Insolvency Act 1986 - 28 January 2015
Appointment of Administrators Notices - 28 January 2015
Winding Up Petitions (Companies) Notices - 28 January 2015
Computers Unlimited deploys Tinubu Square Credit Risk Solution to manage credit limits and support international growth plans
Company Watch launches new service for Belgium
Follow Us On
Follow us on Twitter Check out our blog posts Go to our LinkedIn profile Subscribe to our RSS feed

Shopping Cart
Items: 0 Total: 0.00
View items in your shopping cart Checkout

Upcoming Events
Managing Commercial Credit Risk
Level 4 Diploma Course in Credit Management
Cash Collection by Phone
Managing Commercial Credit Risk
CICM West Midlands Branch AGM and Quiz Night
Search for more events…

Top Products
Experian Gold Limited Company Report
Experian Silver Non-limited Business Report

Special Offers
In Focus UK Credit Reports

Homepage | Feedback | About Us | FAQs | Sitemap | Terms & Conditions | Privacy Statement | Help Page | Advertising