SME FINANCE AT THREE-YEAR LOW
SME finance at three-year low
The amount of small businesses using external finance is at its lowest level in three years, a survey suggests. And although seven in ten businesses applying for an overdraft or bank loan are accepted there is a “perception” that they’ll be turned down.
Thirty-nine per cent of the 5,000 Small and Medium-sized businesses questioned had used external finance in the first quarter of this year – the lowest level since the quarterly SME Finance Monitor began in early 2010, and down from 50% in the same period last year.
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The value in a set of business accounts is not in the preparation but in their interpretation, at The Martlet Partnership we work alongside you to help you obtain a thorough understanding of your financial position.
So, whether or not there is a statutory requirement to submit accounts we'll help you understand the numbers so that you can control costs, grow margins and make more profit. We'll give you the tools to take your business forward.
With filing deadlines & penalty regimes becoming more onerous, it is vital that your accounts are dealt with in a timely manner and you know well in advance the amount of tax payable. The accountancy service we offer is personal, efficient and cost effective.
For more information or for an initial consultation please contact us on 01903 600555