September 2025 — Modest recovery in deal activity, but wider economy remains fragile
In September, the British Chambers of Commerce published an updated forecast: GDP growth for 2025 was revised modestly up to 1.3% (from earlier 1.1%), though the outlook for business investment remained muted.
In parallel, UK M&A data for the first three quarters of 2025 showed resilience. While global M&A volume had dropped, the UK mid-market held up comparatively well, with deal values concentrated in fewer, larger – and more strategic – transactions.
For owners of businesses in the £1m–£10m range, September is increasingly looking like a “sweet spot”: fewer speculative deals, but a clearer alignment between buyer and seller expectations on value. With interest rates stabilising and inflation easing, many acquirers have a renewed appetite — especially for businesses with defensible cash flow and growth potential.
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*Sources: Research Briefings, Business Sale Report





