Brexit drying up deals between large and small UK businesses, report claims

Britain Reacts To The EU Referendum Result

Deals between large and small UK businesses have reduced substantially because of economic uncertainty resulting from Brexit, new research is claiming.

New data has shown that transactions between large and small enterprises dropped by 28% in the last tax year.

Law firm Bond Dickinson’s report shows deal volumes rose from 1,326 during 2013/14, to a peak of 1,536 in 2015/16, before falling to 1,111 in 2016/17.

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But in spite of the drop, the data shows large organisations pumped £21bn worth of deals into SMEs last year, showing large corporations are still intent on working with smaller businesses.

Some firms in the mobility industry claim that for certain sectors retailing is becoming more centralised as consumers go direct to suppliers. This has led some to seeing the role of mobility dealers evolving to involve more servicing and repairs as opposed to direct selling.

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Joe Peskett

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