We are pleased to announce that the results of the second QCA/BDO Small and Mid-Cap Sentiment Index – a quarterly online survey powered by YouGovStone that tracks the business and economic confidence of the small and mid-cap quoted company sector. The report is now available to download here.
While we tracked key components of business sentiment this quarter, we also asked for the small and mid-cap quoted company sector’s views on the upcoming Budget – what is feared the most, what people want to see and what measures people think would have the greatest positive impact on small and mid-cap companies.
Some highlights from the results include:
- 63% of small and mid-cap quoted companies remain pessimistic about prospects for the economy in the next 12 months, which is a slight improvement compared to 70% in September 2011.
- 42% of companies are considering raising capital in the next 12 months, which is unchanged from September 2011.
- 74% of advisory firms believe it is hard to raise bank finance, but only 36% of companies agree with this view.
- 52% of companies are against the idea of binding shareholder votes on executive pay, but 32% support the proposal.
- 24% of companies fear that personal taxes will increase in the Spring Budget.
- 85% of companies believe allowing AIM and PLUS shares to be included in ISAs will have a positive impact on their business.
- 0% of companies believe that regulation will decrease over the next 12 months, with 76% fearing it will increase.
If you have any comments or suggested questions for the next survey, please let us know by emailing Kate Jalbert.