
Business Services Report 2023
We are pleased to be launching our third sector report of the year, focussing on the key themes that we believe will continue to shape the success of the business services sector. Given the size and diverse nature of the business services sector, which represents over three quarters of all businesses in the UK, it provides significant opportunities for mergers and acquisitions. Despite global deal activity in the sector decreasing during 2022, after record highs the year before, aggregate deal values increased by 26% and the average deal size nearly doubled over the same period. This can be attributed to a flight towards high quality businesses that have demonstrated resilience and maintained profitability despite the global macro-economic challenges. As a












