Navigation Links
New Report Helps Manufacturers Prepare for a "Rollercoaster" Future

BRIGHTON, England, October 15, 2015 /PRNewswire/ --

UK manufacturers have made strong gains in recent years, but research from Close Brothers Invoice Finance suggests a dip in confidence in the near future. 

Although the UK has officially emerged from the last recession and returned to reasonable levels of growth, the manufacturing sector has struggled to reach the output levels recorded prior to the financial crisis of 2008. Recent figures issued by the Office for National Statistics (ONS) show that manufacturing output fell by 0.8% in August 2015 when compared with the same month in 2014.

     (Photo: )

The latest Close Brothers Business Barometer has revealed late payment issues continue to cause concern with 30% of manufacturing businesses being owed in excess of £40,000. In addition, almost a third said late payments mean they have to "rein in necessary spending".

In response to these insights, Close Brothers Invoice Finance has launched a new industry report which explores the following issues:

  • Falling demand overseas and lower confidence in the UK economy
  • Low manufacturing output holding back business growth
  • Pressures in the supply chain leading to significant late payment issues
  • How manufacturers are meeting these challenges head-on

David Thomson, CEO of Close Brothers Invoice Finance said: "There appear to be a mixture of factors that the British manufacturing sector is currently faced with.

"China's prospects are a concern: official forecasts of the country's GDP growth were revised downwards over the summer, and this had a devastating impact on the Shanghai stock exchange as well as on share prices around the world.

"At present it is impossible to predict how these events will play out, but if recent results are a sign of things to come, company leaders will need to keep their eyes and ears to the ground."

To view the full report Make or break: manufacturers building for growth, but uncertain years ahead, click here

For more information on Close Brothers Invoice Finance visit

Notes to Editors 


All figures, unless otherwise stated, are from a GMI survey conducted in June 2015. The survey canvassed the opinion of over 700 SME owners and business managers from several industries across the UK and Ireland on a range of issues affecting their businesses.

About Close Brothers  

Close Brothers Invoice Finance is an independent provider of invoice and asset based lending to both SMEs and large businesses throughout the UK, Ireland and Germany.

We are members of Close Brothers Group Plc. Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ 2,800 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.

Please email for the full manufacturing report.

Lauren Street, Close Brothers Invoice Finance

SOURCE Close Brothers Invoice Finance
Copyright©2015 PR Newswire.
All rights reserved

Related medicine technology :

1. Analysis of the Cardiac Biomarker Diagnostics Market - Reportlinker Review
2. Disabled and Elderly Assistive Technologies - Reportlinker Review
3. Ophthalmic Devices: Technologies and Global Markets - Reportlinker Review
4. Anti-Counterfeiting Packaging Technologies in the Global Pharmaceutical and Food Industries - Reportlinker Review
5. Active Pharmaceutical Ingredients Global Market Outlook - Trends, Forecast, and Opportunity Assessment (2014-2022) - Reportlinker Review
6. Global Markets for Orphan Drugs - Reportlinker Review
7. STAAR Surgical to Report Third Quarter Results on October 28, 2015
8. Nocturia Clinical Trials Review for 2015 in Global Research and Review Report
9. New Report Gives Guidance on Growing Baltimore Medical Device Community
10. EndoChoice to Report Third Quarter 2015 Financial Results on November 5, 2015
11. China Jo-Jo Drugstores Reports Official Online Pharmacy Sales Growth of 438% in First Half Fiscal 2016
Post Your Comments:
(Date:5/21/2020)... ... 2020 , ... Today Anyblock Analytics, a German firm noted ... Many facilities, cities, states/provinces, and countries are eager to begin re-opening their economies. ... million in the United States alone—serious concerns remain about how to do so ...
(Date:5/21/2020)... ... 2020 , ... Labyrinthe Labs has announced the launch of its brand new ... cream designed for fast-action relief of joint and muscle soreness, Lefa is botanically powered ... tired joints and muscles. , According to the National Institutes of Health ...
(Date:5/16/2020)... ... May 15, 2020 , ... ... to treat fatigue, impotence, constipation, frequent urination and joint pain, but have recently ... the ability to boost the immune system , naturally. , Sea Cucumbers ...
Breaking Medicine Technology:
(Date:5/21/2020)... ... May 21, 2020 , ... Summit Medical , ... deliver over one million FDA-compliant face shields — designed, engineered and manufactured in ... critical need for personal protective equipment (PPE) for both front-line health care workers ...
(Date:5/21/2020)... ... 21, 2020 , ... Friends of Lisa Campbell, announce that Lisa Campbell, candidate ... Parenthood Southeast Advocates (PPSEA). PPSEA educates and lobbies on behalf of women’s ... of reproductive health care. PPSEA educates and lobbies on behalf of women’s health and ...
(Date:5/21/2020)... , ... May 21, 2020 , ... ... award-winning population health management platform that supports care management and utilization management at ... individuals at client sites, TruCare 2020 provides significant usability and automation upgrades to ...
(Date:5/16/2020)... ... ... For patients who have gone to see Andy Gaertner, D.M.D , in the past, ... place. After being allowed to re-open during the current pandemic, they have put some new ... and comfortable as possible while going through their dental exams and treatments. , The new ...
(Date:5/15/2020)... ... May 15, 2020 , ... COVID-19 has made people feel fearful, but ... sure their employees can get back to work safely. Their unique line of SafeSpace™ ... restaurants, bars, and countless other settings. , Everyone needs to be able to get ...
Breaking Medicine News(10 mins):