Chantrey Vellacott revealed the findings of its second business barometer report at an event in Birmingham.

The chartered accountants surveyed Owner Managed Businesses (OMBs) across the country and presented the key findings to the business community at Malmaison in The Mailbox.

Investec Wealth and Investment’s head of research, John Haynes, was also on hand to present on the economic outlook for OMBs in the year ahead.

Paul Fenner, partner at Chantrey Vellacott’s Birmingham offices on Calthorpe Road, said: “Nearly 250 businesses across the country contributed to the survey so it is a really strong report which highlights the challenges and risks companies are expecting to face over the next year.

“We were delighted to be able to share an overview of the findings with clients and partners, and to also be joined by John Haynes from Investec Wealth and Investment who provided a hugely informative analysis of the wider economic picture facing the UK.”