The UK business services sector has shown remarkable resistance as it grapples with the intricate macroeconomic challenges present across the industry, with fluctuating exchange rates, geopolitical uncertainties, and supply chain disruptions to name a few.

Meanwhile, inflationary pressures, rising interest rates, and the aftermath of the pandemic compound issues. 

Despite global deal activity in the sector decreasing during 2022, after record highs the year before, aggregate deal values have increased by 26% since, while the average deal size nearly doubled over the same period.  

This surge can be attributed to a flight towards high-quality businesses that have demonstrated resilience and maintained profitability despite global macroeconomic challenges. 

Our Managing Partner, Ray Stenton, recently authored a piece for Biz Dispatch discussing how, as businesses continue to focus on agility, improving efficiencies and cutting costs in response to the current macroeconomic landscape, outsourcing remains an attractive proposition for business leaders who are seeking flexibility, capacity and specialist capabilities. 

Ray said: “Many leaders need to identify solutions to support their businesses to improve efficiencies whilst maintaining adaptability and innovation. We believe businesses that can support leaders to deliver on one or both of these strategic objectives will be well-positioned for sustainable growth, making it an attractive investment opportunity.”

He also discussed how cybersecurity is a key example of businesses looking to utilise outsourcing in a bid to bolster their capabilities in this focus area.

Interested in reading more? Read the full article here.