We have now published the results of our seventh QCA/BDO Small and Mid-Cap Sentiment Index.
While we continued to track key components of business sentiment this quarter, we also asked you for your views on the role of non-executive directors. Some highlights from the results include:
Confidence in the UK economy has continued its upward trend – small and mid-cap companies score optimism at 51.8 – just above the neutral level.
- 72% of small and mid-cap quoted companies are optimistic about their own business prospects – which compares to the results in January.
- 75% of companies expect sales to grow in the next 12 months, with the average expected growth in turnover put at +10.12%, down from January (+11.2%).
- 57% of companies expect to increase headcount in the next 12 months, with the average expected change in employment growth put at +4.2%.
- 71% of small and mid-cap quoted companies believe they get good value for money from their non-executive directors.
- £250 per hour is the average wage for hiring a non-executive director in a small and mid-cap quoted company.
- 83% of companies believe that their non-executive directors are sufficiently independent from management to provide a critical voice to the running of their company.
You can find out more by downloading the full report.
Thank you to those that participated. We welcome your feedback on any aspects of the survey, the report, or relevant issues affecting the sector – please email Maria Gomes.
Our next QCA/BDO Small and Mid-Cap Sentiment Index will take place in July. So please help us make the voice of the small and mid-cap quoted company sector heard and participate next time too.