Interim management sector optimistic for growth in year ahead
When asked whether they were more or less optimistic about the growth of the sector, only 11 per cent voted 'less'.
The IMA, www.interimmanagement.uk.com, the body which represents the interim management provider industry, also highlighted stabilised growth for the sector in its last Ipsos MORI industry survey (July-September, 2013). During the third quarter of last year, joint turnover by IMA members firms stood at £42m comparable to the previous quarter, and an increase of 29 per cent fromthe first quarter of 2013.
Commenting on the latest poll, Jason Atkinson, chairman of the IMA and managing director at Russam GMS Interim Management, said: "Following on from the recession, there is a revived optimism within the sector. Increasing numbers of briefs are coming in to providers across both the public and private sectors, as organisations realise the value an interim can bring.
"The IMAs' members are positive about the growth of the sector in 2014, and it will be interesting to see whether this is reflected in the next set of Ipsos MORI results."
Ashton Ward, managing partner at Eton Bridge Partners, commented, "Increased demand for interims is being driven by business investment and corporate transaction activity. For the first time in two or three years, businesses are investing in the future, they are looking at IPOs, M&A activity and growth strategies and they are proactively using interims to deliver the skills they need."