Four in 10 Exporters Report Sales Downturn After Brexit

Written by: Keith Tully

Cargo ShipAround 40 per cent of all exporters from the UK have reported experiencing a downturn in their sales since the beginning of this year.

With the UK having exited the transition phase of its departure from the European Union on January 1st 2021, businesses selling goods and services overseas have since found it challenging or impossible in many cases to maintain their prior levels of sales.

The latest figures on the subject have been compiled by the British Chambers of Commerce (BCC), which polled close to 3,000 exporting companies and found that only one in five was able to boost their sales in the first quarter of 2021.

Around 40 per cent of the businesses polled said they’ve seen no change to their sales numbers since the start of the year but some have experienced something close to a collapse in their revenues from exports since the beginning of January.

“European customers, whether individuals or businesses, are reluctant to buy from the UK,” Alfred Van Pelt from the clothing and accessories wholesaler Something Different told the BCC recently.

“Not only did this cause an immediate drop in turnover and the need for redundancies, but also killed a massive growth opportunity of our business,” he added.

The BCC has called for the UK government to do more to support exporters who have been finding it difficult to do business in recent months.

Recent performance data relating to exports from UK companies across a range of sectors represent some of the worst such figures ever recorded by the BCC, with the organisation describing those numbers and the apparent lack of positive indicators as “stark” and “concerning”.

“The message is loud and clear that the difficulties exporters are facing are not just ‘teething problems’,” said Hannah Essex, co-executive director at the BCC, in a statement.

“They are structural issues that, if they continue to go unaddressed, could lead to long-term, potentially irreversible weakness in the UK export sector,” she added. 

“We are calling on both the UK and EU to get back around the table and produce solutions that reduce trade barriers and give exporters a fighting chance.”

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY