CEO's positive about growth

CEOs at a number of UK manufacturing companies are feeling positive about their business prospects over the next year.

According to the Growth Survey conducted by private equity group ECI, nearly 80 per cent of CEOs at manufacturing companies which produce the likes of domed badges and 3D nameplates, say they are expecting a growth of at least six per cent over the next 12 months. Ten per cent of those questioned revealed they expect a growth of more than 25 per cent.

Despite this, not all manufacturers are as enthusiastic as others. As reported by The Manufacturer, when industry is disregarded, the number of CEOs from mid-market companies that expect a growth of 25 per cent or more rises to more than a quarter.

Whilst individual companies have their own strategies for growth, the most significant and consistent themes were found to be that 75 per cent of CEOs believe increasing international sales will be essential for growth, whilst 85 per cent see investment as key to growth through new products, new markets and staff.

In addition, most of the manufactures said they expected to achieve their growth organically, rather than through acquisition.

The survey of 138 selected CEOs also indicated that midsized companies were finding it difficult to raise the finance needed, with 64 per cent of respondents stating they thought it would be difficult to raise finance over the next year.

In a report on the survey's findings the ECI stated: "We are optimistic that good mid-market companies will provide profit growth and employment  as the economy emerges from the 2008-9 recession, and international markets will play an important aspect in that growth. We are keen to back like-minded CEOs to help them maximise the potential of their companies."

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