A THIRD OF SMALL BUSINESSES HAVE NOT GROWN IN 5 YEARS, BUT 76% EXPECT TO BY 2020
November 18 2015.



One in three small and micro businesses have failed to grow in the last five years, according to new research.


In a study of 1,000 small and micro businesses in the UK, by AAT, 33% had failed to experience growth in revenue, and 31% hadn’t grown profits since 2010.

When asked what factors have been holding their companies back from expanding, business owners cited a lack of capital to expand, too much red tape, and a lack of support from bank.

When asked what they think will help their businesses grow in future, ahead of the Autumn Statement set to take place next Wednesday, 31% said more effective marketing, PR or a stronger web presence.

For the full story at smallbusiness.co.uk CLICK HERE