We all know how tough it is for a small business to survive, especially those first few months. But new research has shown that UK start ups are demonstrating the best survival rates since 2015.
Between December 2014 and June 2015, the number of companies closing their doors was lower than the previous six months, according to Barclays and BGF Entrepreneurs Index. This is the first time this has happened since the Index began in 2012, reversing a three year trend.
Dena Brumpton, UK Head of wealth management at Barclays says ‘this is testament to the growth in business confidence we have seen in recent years, allowing UK businesses not just to start up, but to succeed.’
There were also certain sectors of business that stood out from the crowd in terms of year on year growth, and one of these high performing industries was the property sector.
This does not come as a surprise here at Sovereign. We are seeing a strong market in both the acquisition and sale of a wide range of small to medium sized businesses. Our portfolio is both diverse and of a high standard, with everything from investment properties to high end cafe bistros. So, whether you are a landlord looking to expand your property portfolio or a business owner with ambitions to move on to a new establishment, we can help.
But our expertise doesn’t stop there; to the contrary, if you are looking to put your business on the market, please get in touch and one of our motivated team will be more than happy to guide you through the process. Put simply our aim at Sovereign is to make the transitions you undertake as smooth as possible, because we understand the journeys you take in business are the foundations that allow this sector of the economy not just to survive, but to thrive.