British SMEs expect strong growth over next 12 months, FSB report suggest

Small and medium businesses across the UK are very confident about their future prospects, figures obtained from the latest survey carried out by the Federation of Small Businesses (FSB) were able to reveal.

The group’s Small Business Index reached +41 points in the third quarter, with 61% of all small businesses surveyed expecting to grow in the next 12 months, while 11% expect that the rate of growth would be a very fast one.

Further data resulting from the survey revealed that one third (33%) of businesses surveyed expect their turnover to grow in the next quarter and almost a fifth (17%) expect profits to rise.

Job creation is robust too, with small firms’ hiring intentions at an all-time high. A net balance (+5%) of small businesses increased headcounts this quarter, a trend that looks set to continue in the next quarter.

John Allan, National Chairman, Federation of Small Businesses, said: “We’re seeing record breaking confidence from our members which suggests small firms will continue to spearhead the UK’s recovery. We want policy makers to lock in this optimism and continue to back the self employed and small businesses. As we head in to party conference season, we’ll be looking to all the political parties to spell out what they will do to encourage job creation, investment and reward entrepreneurs in the next Parliament.”

Confident SMEs planning to invest in their future development should review the opportunity of implementing a workforce management solution designed specifically to help them grow in a very solid, sustainable manner. This is specifically where Tensor’s market leading experience in the field can be put to very good use.

WinTA.NET is a web enabled, mobile / wireless technology based Time & Attendance system designed for those companies employing 20 people to 10,000+. The solution provides total control over the creation of working rules, Access Control, Job Costing and System Security and has specifically been designed for multiple companies, each managing multiple sites.

A complete smart card time and attendance system including European Working Time Regulations checking and reporting, ensuring that your company remains compliant with both regional and national legislation.

If you’d like to find out more about the extensive range of features provided by the Tensor WinTA.NET solution and just how it can save you much more time and money, just contact our dedicated team or Book a Demo, we’ll be more than happy to answer any questions and queries you might have.