We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

SMEs 'confident in regard to growth prospects', survey finds

16 Aug 2018

A survey carried out by Wesleyan Bank has suggested that UK small and medium-sized enterprises (SMEs) are confident about their future growth prospects.

The Bank polled 500 SMEs, and found that 54% are now more confident in regard to their business prospects than when compared to a year ago.

65% of SMEs reported that they are confident that they will experience growth of up to 40% over the next two years.

The survey also revealed that 11% of small firms have Brexit-related concerns, with many stating that they are worried about how Brexit will affect their business.

However, a further 50% of survey respondents said that their business strategy will not be ‘dictated by Brexit’ – a significant rise when compared to last year’s figure of 28%.

Commenting on the research, Paul Slapa, Head of Direct Sales at Wesleyan Bank, said: ‘The UK’s economic outlook is often clouded by negativity, but this research highlights that SMEs are performing strongly and have built solid foundations to prosper, both pre and post-Brexit.

‘Unless there is a material impact on their business today, there is no reason why SMEs should put on hold their investment plans to sustain and maximise growth.’

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2024 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.