Wales Business Insider August/September 2022

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When things get tough

There may be economic challenges ahead, that’s for sure, but Insider’s rising stars are a resilient bunch. A high proportion of this year’s 25 entrepreneurs told us they had encountered roadblocks related to Covid and associated issues such as lockdown and working from home. Other hurdles to overcome include Brexit, the loneliness that sometimes comes with running a business, a broken femur – and the perception that hemp and cannabidiol businesses are considered medium to high risk.

All 25 have met these challenges with flying colors or found innovative ways to meet them. They have shown a tenacity and adaptability that should be useful for years to come – and while the economic challenges ahead seem difficult, they are at least easier to anticipate than Covid.

Advisors who provided information for our transaction review spoke of rising costs, more expensive debt, declining confidence, earnings pressure and supply chain issues. A panelist on our tech roundtable talked about a tightening in the availability of funding for tech start-ups.

However, as real estate entrepreneur and financier Mark Watkin Jones told us: “There is always demand. There are opportunities in difficult times. Alcumus is another company that is working hard to seize these opportunities. Alyn Franklin, managing director of the Nantgarw-based health, safety and risk management group, says he has the option of spending “a billion or more” on the right acquisition – and now might just be the right time to to be a buyer.

Douglas Friedli, editor
Twitter: @DouglasInsider

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