Umbrella company contractors could very well benefit from a recent survey revealing that a quarter of smaller sized businesses are expecting to expand over the next 12 months.
Latest findings from Close Brothers Asset Finance revealed that around 1.35 million small and medium sized firms have predicted expansion in 2016, which could in turn create more job opportunities for umbrella company contractors and freelancers.
Of those surveyed, 54% said that they are confident about their future prospects and the economy, believing that the worst is behind them.
Mike Randall, CEO of Close Brothers Asset Finance commented on the latest findings, “With the UK economy continuing to strengthen, it is encouraging to see that a significant number of business leaders in small and medium sized enterprises are expecting to see their business expand throughout 2016. It shows a real belief in the market and the future of their business.”
He added, “Our study clearly shows that investment will be key to a lot of companies in 2016, and we know from our experience in the market that many of these will be using the funding to grow their businesses.
“With this in mind, it is vital businesses understand what assets or finance are required at all times. This is to ensure no business opportunities are missed and that they successfully manage the future needs of the business.”
George Ballard is the Sales & Marketing Executive for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about George on Google.
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