Companies in the Midlands should take steps now to make sure their profits are not impacted unnecessarily by the planned VAT increase on 4 January 2011.
Midlands manufacturers are emerging from the recession stronger and leaner than ever with a recent PwC survey found the UK’s leading manufacturing businesses improved working capital by up to 15% and gross margins by 1.5%.
Mixed messages about the economy and concern about house prices and the impact of public spending cuts are forcing retailers to plan ahead for another cautious Christmas, according to PwC retail experts.
Businesses in the Midlands should take care to ensure that a faster-than-expected rate of economic growth does not leave them short of working capital as they manage increasing order books, according to cash management experts at PwC in the Midlands.