Close to half of UK SMEs expect to grow in 2015, report suggests

Tensor time and attendance systems for absence monitoring

Almost 50 per cent of British SMEs expect to grow over the next 12 months, a new report issued by the government’s British Business Bank has revealed.

The ‘Small Business Finance Markets 2014’ surveyed 1,000 small businesses and found that 46 per cent of small and medium enterprise owners expect their businesses to grow over the next year.

However, most small and medium companies rely either on self-generated resources or bank loans to finance further development. In fact, despite of the fact that more than two-thirds (68 per cent) of small business owners were “confident in their ability to obtain external finance”, a further 65 per cent admitted they hadn’t heard of crowdfunding, peer-to-peer lending, export and import finance and mezzanine finance.

In terms of reasons for raising finance, the most common reasons among SME owners questioned were to purchase fixed assets (43 per cent) and to support cash flow (33 per cent).

Reliable workforce management systems enable long-term, solid growth for SMEs

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 that provides total control over the creation of working rules, Access Control, Job Costing and System Security and has been specifically designed for multiple companies, each managing multiple sites.

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.

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