BusinessCompany NewsSmall businesses find going tough

Small businesses find going tough

Government figures showed the numbers of small businesses shutting up shop had increased by more than 5%.

Link: SMEs ‘wasting’ profits

At the same time the number of companies registering for value added tax increased by just 0.7%, while overall the number of VAT registered businesses fell by 200 last year.

The business service sector continued to show the most growth. The Small Business Services said the sector had grown by 190,000 companies in the past nine years to 500,000.

In contrast manufacturing is continuing its decline with 5,000 fewer businesses at the end of last year.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor