Businesses in the technology sector are the most positive about their future, despite uncertainties surrounding Brexit.
According to recent research, 68 per cent of owner-managed tech businesses are confident about meeting their profit targets this year and 75 per cent have an optimistic outlook for the year. This compares with 60 per cent of all businesses surveyed across 24 sectors.
50 per cent of tech businesses are looking to expand internationally this year, as “rapid innovation in the UK’s technology sector continues to attract higher levels of investment in tech businesses.”
To operate successfully in the dynamic technology environment businesses must react quickly to stay ahead of the competition. Our technology industry experts provide specialist accounting, business and tax advice to technology businesses, ranging from start-ups to more established quoted companies.
With a particular focus on owner-managed and entrepreneurial businesses, we understand the challenges faced and provide the experience and expertise to deliver practical and responsive solutions.
Contact Steve Govey or your usual Beavis Morgan Partner for further information about how we can assist you and your tech business.
Further reading:
Natwest to launch new fintech accelerators