How to spot a "phishing" email
Survival rates for new businesses drop
The end of the tax return?
5 steps to creating the perfect business document
Is it time to go paperless?
Tax rates and thresholds for 2016/17: get ready for the new tax year
Which website style is right for your business?
What every small business should know about going digital
How can we help? Free information to help you break free from the jargon
Discover what the rest of the world can see about you: Does your private address stay private online?
Taking your business to the next level: why management reporting matters
Why a business address with Whitehill might make sense for you
Six marketing skills every business needs to know in 2016
Pensions autoenrolment: what you need to know
Changes to salary and dividend tax rules from April 2016
5 tax changes affecting small businesses in April 2016
The basic requirements for setting up your business.
5 Reasons Why You Need a Professional Mailbox Address
Five things for small business owners to know about the 5G Network
Why the right business structure is important
Top tips for starting a business
Five tips for success
Do you need a business bank account?
Four things that could help your small business get paid quicker
Management reports - the missing support?
Launch of new Excel tools
What's the point in cold-calling?
UK Leads the Way in Start-Up Job Creation
Small Businesses Urged to Engage Older Workers
Do Small Businesses Lack Digital Skills?
Are Small Businesses Scared of Auto-Enrolment?
Is your small business 'recognised' or 'invisible'?
Budget summary
UK Small Businesses Expect Turnover Increase
2 in 5 People Seek to Start a Business
Increasing Costs for Small Businesses
Early settlement discounts - if you're VAT registered you need to read this...
Introducing Swiftmail!
What's the best mix of salary and dividends for 2015/16? Some factors to consider.
New scam for tax return - information and details
Small Businesses Predict Expansion in 2015
Triple Bottom Line: Our Promise to You
Pension auto-enrolment
UK Tax rates for 2015/16 - part 1: Personal tax
Has technology given small businesses an advantages over larger firms?
Small Business Branding - Dos and Don'ts!
Are British employees less productive away from their desks?
UK Set to Overtake Germany's Economy
Would Graduates Rather Go It Alone Than Become Employees?
How do I leave my day job and start my own business?
Small Businesses Fail to Take Advantage of Social Media - npower survey
Apple's Business Tips
20 principles for spreadsheets
Whitehill staff receive full signoff from Xero to offer Xero across the UK
Where can I go for information on pensions?
Technology - where next?
HMRC continues to warn taxpayers to be aware of the problem of fraudulent phishing emails
Tax info: tax free limit for employer loans is doubled
Whitehill publish white paper on cloud accounting packages
It's official: People like small businesses
Quickbooks Cloud - Whitehill achieve certified status
HMRC to monitor credit and debit card transactions
Moving to the Cloud
Red tape cuts - latest from the UK Government
The new Employment Allowance - what does it mean?
New article in Talk Business magazine - "Bookkeeping - cutting costs"
Budget - March 2014. Read a summary here
Whitehill Business Services Ltd >> news >> latest news >> UK Small Businesses Expect Turnover Increase

UK Small Businesses Expect Turnover Increase

Posted by on March 6, 2015

money_box-128.pngThis particular study also has revealed that just under 80% of those asked report a profit or surplus in the past few months. This is up 6 percentage points on 2012 figures and up to pre-recession levels.

The ‘Small Business Survey 2014’ is based on a poll of more than 4,000 small businesses (no more than 249 employees) across the UK. More than a third of respondents say that their turnover increased over the past year. This compares favourably to the figure of only 29% seen in 2012. A very positive figure of 18% said that their turnover fell in 2014, whilst in 2014 the figure was 31%.

Subsequently, small businesses have hired more in 2014 and are planning to recruit even more in the near future. Almost a quarter (22%) took on more staff in the last year compared to 19% in 2012. A third have said that they intend to increase headcount in 2015, this is up from a fifth three years ago.

Matthew Hancock, Business Minister has said, “The UK government’s aim is to make Britain the best place in the world to start and grow a business from scratch.” “…This is clearly now within reach.”

“Small businesses are leading our economic recovery and we have thrown out weight behind them, like never before,’ adds Hancock. “Over 850,000 small businesses have benefitted from the government’s employment allowance.”

The employment allowance, which has been claimable since April 2014, means that people who earn less than £2,000 per year don’t have to pay national Insurance contributions. Up to 1.25 million businesses and charities will benefit from employment allowance. Over 450,000 businesses and charities won’t have to pay any employer national insurance contributions at all.

Matthew concluded, “We’ve cut back £10 billion of burdensome red tape and last year UKTI (UK Trade and Investment) helped nearly 48,000 businesses export more than £49 billion of goods overseas. There really has never been a better time to start a business!”