Recruitment levels rise as Tees Valley businesses experience increased revenue

Tees Valley businesses are increasing their headcount, thanks to a rise in revenues across the region, according to our quarterley business survey.

Active held our quarterly Tees Valley Business Index consultation in March, as a representative temperature check for enterprises across the five Teesside boroughs.

The first survey of the year, covering the feelings of business owners from January to March, found that 100 per cent of responders either felt very positive or positive about Tees Valley being a hub for business or industry in the future.

Since January, 66 per cent of respondents reported an increase in revenue with no respondents reporting a fall in income.

Karl Pemberton, MD said: “Despite a new year, we have brought with us the high levels of inflation we experienced in 2022, which has affected businesses and consumers in many ways.

“It’s great to see that businesses are using their increased turnover to great effect by employing more people and providing additional jobs for individuals across Tees Valley.

“Similar to last year, businesses remain optimistic about the future which comes as no surprise with the amount of inward investment for the region but also the prospect of a new investment zone.

“However, a consistent concern in the survey is the issue of ‘staffing’ which suggests that despite an increase in personnel, businesses want more staff or potentially higher skilled workers to compete with other companies in the UK and around the world in their respective sectors.

“We welcome more owner managed businesses to take part in this quarterly survey – please contact Ruth Conner by email if you would like to learn more.”


Visit the Active website or follow us on Twitter, FacebookLinkedIn for regular updates

Get in Touch

If you would like to find out more about how we can help you, please give us a call or drop us an email.

Phone Us Email Us
Keep up to date

Sign up to our newsletter to keep up with all things Active.

Active Spirit

“Having been a client of Active for many many years and have always been given great advice and direction. I am now looked after by Andrew. He has given excellent advice and service, continuing on the great work this company has always offered me. Always cheerful and helpful; a great asset to Active. I have no problem recommending him to other people.

Karl and Mike’s humanitarian mission to ‘forgotten’ Ukraine

27th February 2024

Our MD, Karl Pemberton signed up as ‘co-pilot’ back in January for local entrepreneur (and good friend) Mike Racz on his mercy-mission to Ukraine. Mike’s (originally solo) mission was launched…

Financial security in retirement tops list of clients’ 2024 concerns

26th February 2024

Regular contact with our clients is very important to us, so we were keen to hear their thoughts and opinions in our first client survey of 2024. Sent to 1085…

Welcoming two new additions to our team

26th February 2024

At Active Chartered Financial Planners we are very happy to announce the appointment of two new members of our growing team. Asif Sadullah, an experienced chartered financial planner has joined…