Revealed: London businesses the most profitable in the country

Nov 26, 2021 - City AM

Businesses in London are leading the nation when it comes to profitability according to data shared exclusively with City A.M.

A study by accounting firm BDO revealed that firms in London have average profit margins of 8.1 per cent, well above the nation wide average of 6.7 per cent.

In the capital the profitability of businesses was boosted by the financial services industry, which was found to have an average profit margin of 14.4 per cent despite concerns about the impact of Bre...