UK Office Space News

A new study has found that almost half of British SME’s have maintained profitability in the recession.

The study, by Kingston University, found that many SME’s had used their own cash to survive, rather than relying on banks. The good news comes after SME’s received criticism from Lord Alan Sugar last week. He called SME owners “moaners” and said that most SME’s needed an insolvency practitioner, instead of a bank. About 48% of 343 firms asked said they had maintained or increased their profitability in the last year, with a only a quarter seeing a significant fall in profits. (more…)

New research claims small businesses in Scotland are dealing with the recession better than the rest of Britain.

Nearly one in ten small and medium sized business in Scotland reported an increase in turnover by 10% compared with 8% elsewhere in the UK. The survey, carried out by Business Pulse 2009, also found the turnover of 56% of businesses in Scotland has not fallen since the downturn. (more…)