Originally posted on 16 Dec 2013
If they are looking for growth in their client base, accountants and lawyers should look no further than the burgeoning SME market.
During the recession, more than 80,000 SMEs went out of business but the total has increased by 86,000 since then.
Today, a report from The National Association of Commercial Finance Brokers (NACFB) said the biggest growth has been in England, while small business numbers barely increased in Wales and fell in Northern Ireland. Professional, scientific and technical industries have seen the biggest increase in SMEs, followed by information and communication, health, property, agriculture, education and manufacturing, said the report.
A report released by the Federation of Small Businesses (FSB) also published today shows that 32.2 per cent of small enterprises say they are running at full capacity, and 10.3 per cent say they are above full capacity. Both figures are the highest since the survey began three years ago.
“Small firms are creating more jobs and investing in their business and there are encouraging results behind the headline figures, with promising trends evident across the main areas of expansion, investment and employment,” said John Allan, national chairman of the FSB.