Record number of small firms in UK

The UK’s small businesses contributed a massive £1.9 trillion to the economy this year, according to the latest business population statistics from the Department for Business, Energy and Industrial Strategy.

With a record 5.7 million smaller businesses in the UK, the figures indicate that rising costs and reduced consumer demand have not dampened Britain’s entrepreneurial spirit. 

However, late payments, uncertainty around regulations and laws, and the digitisation of tax remain some of the most frequent challenges facing small businesses

At Beavis Morgan, our SME business experts put processes in place which make it easier to run your business and to maintain effective management of your company’s working capital. 
We assist with management accounts, enabling better control of your financial situation and awareness of the business in real time, enhancing planning for the peaks and troughs, and making sure you always know how your business is performing.
Our tax experts at Beavis Morgan are also available to discuss ways to make your tax return easier by taking the hassle of dealing with HMRC away from you, so you don’t need to contact them directly.
For information about how we can assist you and your SME business by putting processes in place to benefit you now and plan ahead for the future, contact Alan Ford or your usual Beavis Morgan Partner.