According to research from Close Brothers Asset Finance, growing a business is top of the agenda for 34 per cent of SMEs.
The quarterly survey of UK SME owners and senior management from a range of sectors also revealed that more than half of firms have already experienced growth in the last 12 months, while a further 37 per cent expect their business to expand during the next year.
Oliver Spevack, Associate Director at Wellden Turnbull said: “It’s great to see that so many SMEs appear to be experiencing the benefits of an improving financial climate.”
The results also highlighted that a significant number of firms are planning to recruit, with 43 per cent hoping to take on new staff within the next year.
Simon added: “Naturally, firms need to expand their team as they grow organically but the challenge often lies in how they manage this growth. It’s important that firms seek professional advice to help with obtaining funding.
“I would urge any business owners looking at expanding to ensure that they assess their plans and evaluate all of the financial options available to help them find an appropriate solution to fit their needs. At Wellden Turnbull my team and I can assist with a range of issues affecting SMEs and we can also handle the payroll. This allows SME owners to get back to doing what they do best; running their business and growing their enterprise.”
If you would like more information and advice about how to grow your business, please contact us today.