Professional services - mobile

Where next for professional services?

The UK is home to a well-established and thriving professional services sector but future growth is not guaranteed. Over the short to medium-term, businesses must address a series of challenges head-on if they are to enjoy the successes they have experienced in recent years.

The sector recovered well from the recession as it took advantage of a growing need for specialist advice to support business expansion and the development boom. But clients are now looking for ways to reduce the amount they spend on external expertise. In this new era, gaining market share from rivals is a key route to growth.

Today, competition across the sector has never been higher. Firms are battling for new client opportunities, skilled staff and competitive advantage. To remain profitable and sustainable, businesses need to execute a clear and effective strategy, attract top talent and deliver an excellent service at an acceptable price.

Will your M&A decisions create a stronger organisation?

Will your M&A decisions create a stronger organisation?

Are you identifying and pursuing targets which genuinely fit with your growth strategy or do you have to find a reason to justify the fit? Then, after the transaction is complete, are you confident in your ability to achieve fast and efficient integration?
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Do you use out-dated information to predict your future?

It isn't wise to invest for the future based on what happened in the past. Things change. Your latest statutory accounts, and even last month's management accounts, reflect what happened then, not what will happen next. The best decisions are made on forward looking management information. Is yours good enough?
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Do you use out-dated information to predict your future?

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Professional services growth

What does growth look like across the professional services sectors?

Growth forecasts for the five years to 2021 vary depending on what area of professional services you operate in. Some are looking at a decline of up to 5 per cent, whereas others could access growth of up to 6 per cent. What is the outlook within your industry?

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finding finance

Raising finance: walking the tightrope

Only the most profitable businesses generate enough cash to fund their growth. Many will need to turn to external funders or investors to reach their goals. But how many make the right decision?
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