One in five SMEs still expect to make profits this year

New research commissioned by MBH Corporation, a UK headquartered listed diversified investment holding company that acquires successful, strong-performing small to medium enterprises across multiple geographies and sectors has revealed that one in five SMEs still expect to make a profit in 2020, with 24% expecting to break even and the remainder believing they will either make a loss or are unsure.

Of the 40% of companies that do anticipate making a loss this year, many are optimistic about returning to profit. More than half (57%) are confident they will be back in the profits by 2022 and just under half of those expect a return to profitability as soon as next year.

Callum Laing, CEO of MBH Corporation said “Despite the challenges, small business owners are an optimistic lot when it comes to the future.  Although never easy, many of the businesses we talk to have survived the Global Financial Crisis and other downturns and are confident they will survive this too.”

“The UK has many successful and well-run businesses that will not only survive this crisis but come out the other side stronger.  We hope The Government, associations and the public will continue to do everything they can to support them.”

“As a publicly listed holding company of  SMEs, we know that there are many attractive and well-run companies out there.  So far this year eight great companies have joined us and we are looking forward to welcoming several more before the end of 2020”