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SMEs not returned to pre-Covid turnovers

Accountants believe that more than one in four UK SMEs have still not returned to pre-Covid-19 levels of productivity or turnover. The latest Association of Chartered Certified Accountant’s (ACCA) SME recovery tracker revealed that four in five UK SMEs are not seeking finance to grow in the next six to 12 months with 30% of…
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Pandemic aftershock preventing SMEs going green

Half of SMEs state that taking steps towards sustainability is not a main priority for business leaders as they continue to deal with the fallout from the Covid-19 pandemic The most recent SME Tracker survey from the Association of Chartered Certified Accountants (ACCA) and the Corporate Finance Network (CFN) found that issues such as supply…
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SMEs plan to hire more staff as confidence returns

Half of UK SMEs, 56%, expect to recruit more staff over the next year with 60% of SMEs intending to invest in their businesses, with only 20% intending to borrow, according to the Azets’ SME Barometer.   A survey by UK accountancy firm Azets found that 68% of SMEs feel positive about the economic outlook…
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Staff shortages threaten future SME growth

SME businesses remain optimistic about their post-pandemic recovery but staff shortages and concerns around rising inflation threaten future growth. The findings from accountancy and advisory firm BDO reveals that business leaders are concerned about staff shortages derailing their recovery with more than half, 58%, currently have open roles that they cannot fill and more than…
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Why is SME funding accessibility determined by UK location?

The main reason for the geographical disparity is the fact that most businesses’ fundraising is asset-backed. In other words, the scale of the assets a business has available is dependent on how prosperous it has been.  “As we know, the economic inequalities in how prosperous businesses are determines how much free assets you’ve got available…
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SMEs feel confident but frustrated by lack of financial backing

SME owners are feeling more optimistic and are keen to invest in growth but are frustrated by the mix of financial options open to them, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN) According to the ACCA’s SME businesses tracker, a total of 89%…
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