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.
He was a Council member of the Institute of Chartered Accountants in England and Wales from 1988 to 1996.
Martin Pollins ran his own firm based in Sussex and was the first Accountancy firm in the UK to advertise on television and Martin went on to create and launch the CharterGroup Partnership (the UK's first Accountancy network) and then LawGroup UK (one of the largest networks of lawyers in the country).
Martin started work on the Bizezia concept in 1996, developing the broad range of information resources and products over the past 18 years.
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