GET A QUOTE

Your Name*

Company Name*

Telephone Number*

Email Address*

Required No of Desks

Preferred Location


GET A QUOTE

Name*

Email Address*

Telephone Number*

Services
 Full Virtual Office Call Answering Business Address
Desired Virtual Location

DEAL OF THE
MONTH
Suite 211 @ Barbican – £595 PER WORKSTATION
Suite 211 @ Barbican – £595 PER WORKSTATION
Suite 406 @ Royal Exchange – 2 Months RENT FREE
Suite 406 @ Royal Exchange – 2 Months RENT FREE
Suite 12.05 @ Paddington
Suite 12.05 @ Paddington
DEAL
OF THE
MONTH
default-banner

SME profits fall in 2010

ServicedofficeBENews800745796

The profits of 24 per cent of small and medium enterprises (SMEs) fell by 50 per cent before tax in 2010, according to research from Baker Tilly & Company Watch.

SMEs with a turnover of £5 million to £25 million who have filed accounts with Company House provided the data for the research, which showed a worrying trend among this vital part of Britain’s economy.

With almost one in ten experiencing a 30 per cent downturn in their sales many SMEs will be finding it difficult to meet their immediate debt repayments.

The Federation of Small Businesses criticised Ed Miliband after the speech he made at the Labour party conference accusing him of not understanding the pressures on SMEs and how they create jobs.

Sarah Batchelor, partner at Baker Tilly Restructuring and Recovery LLP, said: “Seeking timely advice and implementing strategic safeguards is crucial to surviving the current tough economic conditions.”