Commenting on the EU referendum result, Ben McDonald, Head of KPMG Enterprise in the UK, said:
“Business owners have woken up to a new era this morning and will need time to assess the implications of the vote to leave the EU. However, entrepreneurs are a resilient group and have the agility to adapt to any new landscape.
“As the dust settles and the landscape becomes clearer privately owned businesses and entrepreneurs will come in to their own,” continues McDonald.
“The vote to leave the EU heralds a period of change while the exit is negotiated and new terms are agreed for cross border trade and there may be issues with investment and funding in the short term, but business owners are naturally positive and they are likely to see the sun through the clouds quicker than most. “I spent Thursday with the team at Entrepreneurial Spark in Glasgow, discussing how we together support the growth businesses of the future. These companies are typically tenacious and are likely to step up to the plate to take on the new challenges they will now face.
“We have been working with our clients, large and small, up and down the country, as well as our own people to prepare for any scenario. KPMG will continue to support them in the days, weeks and months ahead.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.