Chief executives of UK mid-market growth companies have a very positive outlook for the year ahead, a survey by ECI Partners and Arbor Square Associates shows.
The findings suggest that the mid-market will be a significant driver behind UK economic growth and will help lead the UK out of recession.
Seventy six per cent of chief executives expect significant revenue and profit growth with 25 per cent expecting growth of more than 25 per cent over the next 12 months.
Against a UK-wide anticipation of job losses, 68 per cent anticipate creating jobs over the next year.
Eighty five per cent identified investment in their businesses as the most important growth driver of the next year rather than market dynamics.
An acceleration of the importance of overseas markets for these companies is clear with 75 per cent seeing growth coming from international sales, reflecting the effects of weak sterling and more attractive overseas markets.
While over half of respondents believe profit multiples in M&A transactions will remain constant over the next 12 months, over a third expect to see an increase in multiples.
