TaxAssist Accountants
0845 01769610845 0176961

Confidence returning to small firms, survey shows

Date: 26th May 2009

Small businesses in need of lending advice should see an accountantConfidence could be returning to the small business sector, a new investigation has revealed.

Figures published by the Forum of Private Business (FPB) show that more than a quarter of member firms saw an increase in their "viability" during April - twice the number which experienced a decline.

In addition, more than a tenth of owners witnessed a rise in the availability of finances, compared to just under a fifth which saw deterioration.

Chief executive of the FPB, Phil Orford, said: "There are signs that business confidence is returning.

"Significantly more business owners can see a future for their companies than are pessimistic about their chances of survival."

He added that while "dissatisfaction" was still outweighing approval, a rising number of firms were "reporting positive [lending] experiences".

Figures published by Data Services earlier this month showed that as many as a third of small firms implemented wage freezes in April.

Related Articles



0845 0176961 TaxAssist Accountants Locations Map

Newsletter for Small Business

Join our newsletter and receive tax news every month suitable for small businesses.

Testimonials

View all

Over the past 10 years we believed that if we wanted outstanding service we should use traditional large accountancy firms. Oh how wrong we had been! We had been charged high fees without any real value being added to the business.
DAVE THOMAS
Bluegrass Consultancy Ltd

Recommend to a Friend

Think that we can help someone you know? Use our recommend a friend service to tell them about us.

© 2010 TaxAssist Accountants. All Rights Reserved. Crafted Media Ltd TaxAssist Accountants Buy Local Campaign TaxAssist Accountants Supports Round Table Childrens Wish