Member Article

Haines Watts Liverpool applauds rise in business confidence

Haines Watts Liverpool was delighted to discover from the latest FSB Small Business Index Report that small businesses are in an ‘assertive mood’.

Small business buoyancy has picked up in the second quarter of the year with growth and investment intentions at an all-time high since their records began in 2010. Conclusions from this research show that businesses view their prospects for the coming months very positively. The findings state that nearly two thirds (65.3%) of SMEs are actively seeking ways to grow – whether it be moderately or at a fast pace.

Director Russell Silverman expressed his delight at the report, he said: “It is fantastic news for the local and national economy following numerous years of hardship for many. I would like to encourage entrepreneurs across the North West to ensure they seek the right advice during this time.

“It’s important to think about what your business will need tomorrow, as well as today. Make sure your accountant has the resources to cope with your growth. Haines Watts has extensive resources both locally and nationally so you can be confident that we have the capacity and expertise to spare. It’s tempting to think that a national firm will be expensive – however our practices are independent local businesses with fees that are highly competitive. We’ll show you the value of every pound that you spend with us.“

To further the good news, the report confirms the highest ever number of firms planning to invest in their businesses. Nearly one third of businesses (32%) aim to increase capital investment over the next 12 months. It also declares that the number of new staff employment has risen to 8.9%, a sharp increase from 2% reported 12 months ago.

Russell added: “Some banks haven’t been so keen on funding in the past few years in certain industries so knowing who to talk to in each bank can really help – there are alternative finance sources for all kinds of businesses. Today’s financing landscape offers a wealth of alternative options. Haines Watts can advise you on what is best for your needs, including new and innovative forms of finance.

“Although recruitment can be a sign of a growing business, the additional staff costs can cause cash-flow difficulties in the short term. It is important to monitor this carefully and remember you’re not alone – most businesses struggle with cash-flow at one time or another. We can help you manage this and help you sleep more soundly at night.“

For more information about Haines Watts visit www.hwca.com/accountants-liverpool or call 0151 227 3463.

This was posted in Bdaily's Members' News section by Craig Guy .