Small business insolvency rose by 6.3pc in the first three months of 2019 compared with the previous quarter. There were 4,187 company insolvencies between January and March this year, according to The Insolvency Service. Construction, administration and retail — sectors all struggling with higher wages and employer pensions auto-enrolment costs — were the sectors most
Tag Archive for SME confidence
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Nearly 60% of SMEs predict UK recession as Brexit bites
by Timothy Adler • • 0 Comments
More than half (57 per cent) of SMEs believe the UK economy will fall into a Brexit recession this year, according to financial services provider Bibby Financial Services. Confidence among SMEs has declined by 5.6 points year-on-year, with UK businesses experiencing their least confident start to a new year since 2014. This has had a
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Small business confidence continues to fall in 2018
by Owen Gough • • 0 Comments
Small businesses are beginning the new year with increased pessimism as surging operating costs, weak domestic growth and flagging consumer demand hamper profits and confidence, according to the latest Federation of Small Businesses (FSB) Small Business Index (SBI). The SBI stands at -2.5 in Q4 20171 marking a fourth consecutive quarterly drop in the Index
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UK business confidence boost as Article 50 is triggered
by Owen Gough • • 0 Comments
UK business confidence rebounded in the quarter ahead of the triggering of Article 50, according to the Global Economic Conditions Survey released today. The quarterly survey of global CFOs and finance professionals, conducted by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants) finds that consumer spending has driven UK
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SME confidence rebounds as businesses see new opportunities
by Owen Gough • • 0 Comments
SME confidence has recovered since the shock of the Brexit vote, but business owners doubt whether Theresa May’s government can really help them seize the opportunities, according to the latest quarterly Smith & Williamson report. The Smith & Williamson Enterprise Index finds that 73 per cent of business owners are confident in their own prospects for
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