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News - 1 October 2014

Growth predicted by the majority of small businesses

The latest data from the Office for National Statistics (ONS), shows that confidence among the small business sector continues to grow, with 69% of companies predicting growth of approximately 26% in 2015; however 42% are concerned about their ability to manage their progression.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“Two fifths of the respondents to the ONS survey stated that their business’ lack of resources meant that they would be ill-equipped to deal with customer demand that 2015’s predicted growth will bring, and are concerned their company could be under threat if they are unable to resolve these issues. In particular, companies were worried about access to office space and technology as well as a lack of employees with the right skill-set.”

If you need any help and advice on Business Plans, Management Accounts, Budgets and Cash Flow Forecasts, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning.


ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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