Business services companies have been amongst the most resilient during the pandemic. The economic situation has forced corporates to reassess their business models – and, in many cases, consider divesting non-core operations. That’s provided opportunities for those in IT, energy and professional services.
It has also meant that the sector has retained the interest of private equity funds. Those that have adopted tech-enabled service models are typically the most attractive to investors. These companies are able to scale rapidly and often promise greater profitability, recurring revenue streams and clearer visibility of future earnings.
But this is not a sector without challenges. Brexit means uncertainty for business services organisations that rely heavily on international workforces. As well as rethinking their workforce strategy, they’ll need to ensure compliance with changing regulations, certifications and standards. And, of course, many are facing significant challenges due to the economic impact of COVID-19 – in particular, property services and companies with clients in retail, catering and travel.
We can provide comprehensive support to help you meet the challenges and embrace opportunity. We can offer expert financial advice and support you in transforming your business, using the latest innovative technology. We can identify the best opportunities for growth – whether they’re organic or inorganic. If you’re looking to sell, we can support you in preparing your business to achieve the best return. And our tax and legal experts help you stay compliant and identify where you can make improvements.