You may keep hearing in the press (and even in this blog!) about how things are looking up for small businesses. And based on the number of small business owners who we speak to about commercial finance on a daily basis, we understand that many UK businesses are looking to grow this year. But we appreciate that it can still be tough for entrepreneurs, and that hearing the same rhetoric over and over might not convince some of you that things are improving.
That’s why we thought we would share some statistics which we found concerning the outlook for UK SMEs. Last year, 581,173 new businesses were registered with Companies House. And a recent survey suggested that income across small businesses increased by over 7% in 2014. Although these are just a simple snapshot, we strongly believe that actions speak louder than words – and we hope that 2015 continues to be a great year