Sunny

Sunny

max temp: 20°C

min temp: 6°C

Search

Essex business leaders ‘going for growth’ despite Brexit uncertainty

PUBLISHED: 08:00 24 October 2017

Paul Dearsley, partner at Grant Thornton’s Chelmsford office, with Grant Thornton director Trevor Ling at the launch of Essex Limited 2017. Picture: LEAH JOHNSTON/GRANT THORNTON

Paul Dearsley, partner at Grant Thornton’s Chelmsford office, with Grant Thornton director Trevor Ling at the launch of Essex Limited 2017. Picture: LEAH JOHNSTON/GRANT THORNTON

Leah Johnston/Grant Thornton

Essex business leaders say they remain optimistic about the future and expect staff numbers and profits to rise, in spite of ongoing Brexit uncertainty.

Speaking ahead of the unveiling of the results of an annual in-depth analysis of the county’s 100 largest firms, panellists taking part in the launch of the 2017 Essex Ltd report on November 21 said they were gearing up for growth.

The Grant Thornton business barometer, which will be unveiled to more than 100 local business leaders at a breakfast event at Stock Brook Country Club in Stock, offers a breakdown of the data by sector and identifies the county’s 50 fastest growing companies.

Panellists Chris Gallop, managing director of Colchester-based facilities management group Cloudfm, Brigette Bard, director of BioSure in Nazeing which develops medical self-testing kits, and Simon Reed, boss at Witham-based freight and logistics firm Simarco Worldwide, said the market still offered opportunities.

Mr Gallop said growth remained an explicit part of his firm’s business plan. “To date the Brexit vote has had little impact due to our limited exposure to foreign exchange but as negotiations take shape, we may see concerned customers return to cost as their driving factor. However, having started the business during the last recession, we are well able to deal with this type of market change.”

Mr Reed was positive about the immediate future, although he did express concerns over the longer term impact of Brexit. “As we rely heavily on exports, I do anticipate challenges post 2019 but our industry is well used to adversity and I’m confident we will continue to adapt well to what lies ahead.”

Ms Bard said her business planned to increase headcount by 50% over the coming year.

“As some of our roles are highly specialised, we do employ a number of remote workers but situated on the outskirts of London, we can also benefit from the wealth of skills available there,” she said.

“However, we still can’t access the business support and investment opportunities open to London firms and find that limited resources remain in Essex for smaller, high growth businesses.”

Grant Thornton’s Paul Dearsley welcomed the positive achievements of Essex firms.

“It will be valuable to see how the county’s firms have weathered the post Brexit vote climate and how well placed they are to move forward as the full impact of the UK’s exit date from the EU approaches,” he said.

“The report will also further inform our ongoing work to help create a more progressive and productive local economy at all levels and we look forward to further insights from Brigette, Simon and Chris during the panel discussion.”

Search hundreds of local jobs at Jobs24

‘We’re currently witnessing a revolution in the automotive industry’ - and this Suffolk entrepreneur is in the driving seat

The co-owner of a popular Suffolk pub-hotel is bemoaning that he claims he is coughing up more each year in tax, proportionally speaking, than Airbnb.

There was a packed house at a reception in aid of the Gainsborough’s House development project; Reviving an Artist’s Birthplace: A National Centre for Gainsborough, with businesses and individuals from Sudbury and the surrounding area coming together to support the project.

From avatars to virtual reality bunny rabbits, this company is crossing new frontiers in Artificial Intelligence and virtual reality

The Lakeside cafe in Onehouse near Stowmarket will be closing its doors this weekend, owner Helen Goldsmith and sister Heather Moore have revealed.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24