Nearly half small business owners expect turnover growth

Small businesses are increasingly confident over an economic recovery and the positive impact this will have on their finances. A poll by small business lender Iwoca shows that almost half (47%) of small businesses expect their revenues to expand this year, marking a steep increase on the 26% who said the same at the start…

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Ethnic minority owned business have strong growth plans

19th December 2023 Consumer Lending | #business growth

New independent research conducted by BVA BDRC for UK Finance shows that despite a challenging economic outlook, ethnic minority owned businesses (EMBs) are more likely than most SMEs to have ambition for the future. They are also more likely to take risks to grow and be trading overseas. The report demonstrates the high-level of ambition…

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Almost two thirds of businesses abandon growth as inflation bites

More than six in 10 (61 per cent) UK businesses have shifted their focus from growth towards cost cutting, in response to rising inflation and interest rates, according to the annual European Payment Report (EPR) from credit management services provider Intrum. The study of more than 10,000 companies across 29 European countries surveyed 500 businesses in…

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Business growth outlook bounces back in hospitality, agriculture and retail sectors

The arrival of Spring sees a significant rise in the percentage of established small businesses (those with a turnover of £1-10 million) predicting growth for the next three months – rising from 33% to 50% since the start of the year. Conversely, there has been a sharp decline in the percentage of start-up enterprises predicting…

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Half of small businesses looking to secure finance to grow their businesses

More than half of small businesses are looking to use finance to achieve growth in the coming year (53%) according to new research from Novuna Business Finance. The figures indicate that this is up from 49% this time last year, with hiring new staff found to be the activity most likely to be reliant on…

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Supply chain issues, energy costs and inflation threaten business growth

Supply chain issues, rising energy costs or record levels of inflation are three of the biggest threats facing more than half (58%) of businesses in the next six months, according to new research by accountancy and business advisory firm, BDO. The bi-monthly survey of 500 leaders of medium-sized businesses reveals almost a fifth (18%) of…

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