Pictured above: Annabel Prow
A feedback survey undertaken by Nottingham-based independent
insurance broker and financial adviser, The Wilson Organisation,
has revealed the majority of businesses in the East Midlands
believe they will have to wait until late into 2010 for the economy
to show signs of recovery.
Eighty-six percent of the businesses taking part in the survey
said it's at least a 12-month wait for the economy to
pick-up.
The feedback survey also revealed a total 80 percent of the
regions' businesses see the issues at the top of their own
'survival agenda' are funding and security, as well as retaining
their key people.
Wilsons conducted its Survival Survey to uncover opinions of and
issues facing the East Midlands' business community, following the
firms' monthly series of 'Survival to Success' events.
Survey respondents were made-up of directors, partners and
business managers/owners, operating in and around Nottingham and
the East Midlands, in a range of industries and professions
including property developers, architects and builders,
engineering, banks, professional services and advisers.
"The majority view of the UK's business sector is that we will
have to wait at least another 12 months before the economy begins
to recover, something it would seem is echoed here in the East
Midlands, according to the views of respondents to our survey,"
comments Annabel Prow, Wilsons' Joint MD and CEO of the firm's
Financial Services Company.
"Indeed, this was the prediction made by the keynote speaker at
the last Survival event, Scott Dakers, an investment specialist of
Scottish Widows Investment Partnership.
"We created the Survival series of events to provide support,
guidance and solutions for individuals running businesses, by
addressing the real issues facing them in the current challenging
economic times and creating a forum in which to debate them.
Running a business can be lonely, frustrating and worrying, and
never more so than in the current climate.
The unique nature of these economic conditions means that many
business owners are without the relevant knowledge and experience
to draw on for their next actions, with many facing a downturn and
recession for the first time.
"The survey also revealed delegates found the information and
ideas discussed at the Survival events to be useful, with 53
percent of respondents stating these were amongst the most valuable
aspects of the sessions."
The Wilson Organisation provides professional independent
insurance, financial, risk management and corporate finance
solutions to businesses and individuals both regionally and
nationally.