Survey Results
 
 
       

Survey BB-55 :
The December survey asks about pay settlements, investment in physical assets and in training, late payment and two issues with a Christmas theme.


Question NumberQuestion
Q1If there were one thing that you would like your bank to give you for Christmas, which of the following would you choose?
Q2How do you expect the average level of pay settlements in your business in the year 2003 to compare with those in 2002?
Q3Compared to December 2001, are your present levels of planned investment in physical assets (excluding stocks):
Q4Compared with December 2001, is your present investment in training
Q5To what extent do you think the incidence of late payment experienced by you has changed over the past 6 months?
Q6In your experience does or would the inclusion on invoices of a statement regarding the recovery of interest on late payment have any effect in practice?
Q7How do you reward your staff at Christmastime?
Q8To what extent is your business constrained by skill shortages?
Q9To what extent is your business constrained by a lack of finance?
Q10To what extent is your business constrained by low market demand?
Q11Over the last 3 months, has your business:-
Q12Over the next 3 months, do you expect your business to:

(1) If there were one thing that you would like your bank to give you for Christmas, which of the following would you choose?
ResponseTotal answers: 168
%
1. More 'face to face' time13.1%
2. Clearer charging structure17.9%
3. Lower personal collateral requirements25%
4. More advice4.8%
5. More flexibility21.4%
6. More staff with small business experience17.9%

(2) How do you expect the average level of pay settlements in your business in the year 2003 to compare with those in 2002?
ResponseTotal answers: 168
%
1. more than 3.5% higher 8.3%
2. higher by between 2% and 3.5% 27.4%
3. higher by up to 2% 17.3%
4. the same 43.5%
5. lower by up to 3%3.6%

(3) Compared to December 2001, are your present levels of planned investment in physical assets (excluding stocks):
ResponseTotal answers: 168
%
1. much higher 4.2%
2. higher27.4%
3. the same43.5%
4. lower21.4%
5. much lower3.6%

(4) Compared with December 2001, is your present investment in training
ResponseTotal answers: 168
%
1. much higher 5.4%
2. higher 29.8%
3. the same 48.8%
4. lower 10.7%
5. much lower 2.4%
6. not applicable3%

(5) To what extent do you think the incidence of late payment experienced by you has changed over the past 6 months?
ResponseTotal answers: 168
%
1. increased significantly10.1%
2. increased slightly 42.9%
3. unchanged 39.9%
4. fallen slightly7.1%
5. fallen significantly 0.0%

(6) In your experience does or would the inclusion on invoices of a statement regarding the recovery of interest on late payment have any effect in practice?
ResponseTotal answers: 168
%
1. would improve prompt payment in most cases 1.2%
2. would improve prompt payment in a few cases25.6%
3. Would make no difference50%
4. would damage client relationships in some cases16.7%
5. would damage client relationships in many cases6.5%

(7) How do you reward your staff at Christmastime?
ResponseTotal answers: 168
%
1. Christmas bonus21.4%
2. Office Party27.4%
3. Time off14.3%
4. Christmas present17.3%
5. not applicable19.6%

(8) To what extent is your business constrained by skill shortages?
ResponseTotal answers: 168
%
1 Highly8.3%
226.8%
324.4%
419.6%
5 Not at all20.8%

(9) To what extent is your business constrained by a lack of finance?
ResponseTotal answers: 168
%
1 Highly11.9%
218.5%
324.4%
424.4%
5 Not at all20.8%

(10) To what extent is your business constrained by low market demand?
ResponseTotal answers: 168
%
1 Highly14.9%
222%
331.5%
419.6%
5 Not at all11.9%

(11) Over the last 3 months, has your business:-
ResponseTotal answers: 168
%
Expanded significantly (more than 10%)15.5%
Expanded somewhat (between 5% to 10%)35.7%
Remained static26.2%
Declined somewhat (between 5% to 10%)19.6%
Declined significantly (more than 10%)3%

(12) Over the next 3 months, do you expect your business to:
ResponseTotal answers: 168
%
Expand significantly (more than 10%)16.1%
Expand somewhat (between 5% to 10%)43.5%
Remain static29.8%
Decline somewhat (between 5% to 10%)10.7%
Decline significantly (more than 10%) 0.0%