- 04 Oct
Businesses Expect 14.6% Turnover Growth During Next 12 Months
Recent figures showed a GDP (Gross Domestic Product) contraction in Q2 2012 of 0.4% but we wanted to understand the level of confidence that businesses had in future growth potential within the UK.
So as part of our recent survey of SME businesses we asked 100 business owners "by what percentage do you expect to grow your business' turnover during the next 12 months". Only a handful within our sample already used invoice finance so the majority did not.
There were a range of answers but the average business turnover growth expected was 14.6% of turnover during the next 12 months! This would appear to demonstrate some degree of business confidence for the forthcoming year. We have some further research regarding anticipated growth rates and funding required which I will share shortly.