Business acquisition opportunities almost double in a month as retail drives growth
New figures have revealed that the value of business acquisition opportunities coming on to the UK market has increased by 94% in October, compared with the previous month.
Data from the Deal Connections Index, which provides data on 85% of the UK businesses for sale market, shows that growth has been driven by a sharp upturn in retail business sales activity.
Business acquisition opportunities with a combined turnover of £676.08 million came to the table this month, compared with £345.8 million in September 2014.
While support services led the way with 22 potential deals with a combined turnover of £93.47 million, there was a sharp upturn in retail opportunities with 16 businesses worth £85.42 million coming on to the market, a 63% increase on September 2014.
Deal Connections founder James Waterhouse said: "The results in October reflect the usual business upturn after the summer combined with a more optimistic outlook for the economy. With continuing low interest rates and private equity firms open to supporting deals, it's a good time to buy."
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