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Small Business Survey.pdf

LSBS_2018_employers.pdf

🔗 Source: assets.publishing.service.gov.uk

📊 Size: 3.47 MB

👤 Author: srahman

⬇️ Downloads: 78

Summary

The Longitudinal Small Business Survey 2018 found that 71% of SME employers in the UK aimed to grow their sales in the next three years, up from 62% in 2017. 34% of SME employers reported growth in sales, with medium-sized businesses more likely to report growth than smaller businesses. However, the proportion of SME employers making a profit dropped from 82% in 2017 to 76% in 2018. 20% of SME employers exported goods or services, with 78% exporting to the EU. The main obstacles to success cited by SME employers were competition in the market, red tape or regulations, and taxation. Only 12% of SME employers sought external finance in 2018, continuing a downward trend since 2010. A quarter of SME employers were based at home, with 17% of businesses women-led and 5% majority-led by ethnic minority groups.

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Description

The Longitudinal Small Business Survey 2018 found that 71% of SME employers in the UK aimed to grow their sales in the next three years, up from 62% in 2017.

Technical Information

File Format: PDF
File Size: 3.47 MB
Pages: 70
Language: EN
Author: srahman
Total Downloads: 78
Last Updated: 4 weeks ago

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