Starting a new business? Get 40% off our accountancy services for 3 months! 😀


Roger Galbraith, an expert commercial director announced the stabilisation of Small and Medium Enterprises in the UK, despite the economic difficulties faced in 2011. Lloyds TSB Commercial’s area director in Lincolnshire and the East Midlands stated that the end of 2011 had seen an indication of growth and the stabilising of UK small businesses.

According to the Purchasing Managers’ Index by Lloyds TSB, which is produced on a monthly basis, business activity in the private sector signalled growth in all areas of the UK, which offers hope for 2012. More than 1200 companies in the service sector and manufacturing industry were surveyed for the report. The results reveal that the huge number of new businesses creating employment has been a significant factor in the stabilisation. The number of new orders rose in the East Midlands during December, and the level of employment in the area rose for the fifteenth month in a row.

However, Galbraith cautioned that the Eurozone uncertainty will have an effect on exportation, which could reduce the optimism felt in the domestic economy. The businesses which demonstrate the ability to trade beyond Europe are experiencing success which could result in expansion for some companies. The Business in Britain report highlights that just over half the companies in Lincolnshire and the East Midlands will retain their current level of investment in the first six months of 2012, while 66 percent will maintain their workforce during the first half of the year. Galbraith is encouraging businesses to seize all available opportunities, including support from lenders and business mentoring agencies.

Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?


Call us on 020 3355 4047 if you’re not sure.