December 9 2016.

Despite likely economic headwinds, four in five (82 per cent) small and medium-sized enterprises (SMEs) are confident about their business performance going into 2017, either expecting their revenues to grow or remain constant during the next 12 months, according to the latest Aldermore SME Future Attitudes report, a survey conducted amongst 1,000 SMEs in the UK.

Of these, two-fifths of SMEs (39 per cent) expect their revenues to grow in the coming 12 months.

Expectations vary by sector, with almost half (46 per cent) of SMEs in the hospitality and leisure sectors expecting revenues to increase. In contrast, almost a quarter (24 per cent) of legal services firms predict that their revenues will decrease in the next 12 months. 

Two-fifths (39 per cent) of businesses expecting to grow in the coming 12 months will do so by launching new products and services, while three in ten (30 per cent) intend to enter new markets. One fifth of SMEs (20 per cent) are planning to expand by enhancing their technology, and a similar number (19 per cent) are doing so by investing additional capital into their business. 16 per cent will recruit new staff to boost production.

For the full story at CLICK HERE