Belfast Telegraph

Quarter of companies in the UK looking at expansion

By Staff Reporter

Almost a quarter of firms here expect their business to expand over the next 12 months, according to one business survey.

And the Close Brothers Business Barometer for June also revealed that a third of businesses in the UK describe the economy as being on a slow path to prosperity in the wake of the financial crisis.

The business survey gauges the opinion of small and medium-sized company owners and managers throughout the UK and Ireland.

Ciaran McAreavey, managing director of Close Brothers Commercial in Ireland, said despite some news showing an upturn "it's still tough out there for business owners".

"As our research has indicated, barriers to growth are very much part of our daily working lives so it's hardly surprising that people wish they had superpowers to overcome them," he said.

"As we hurtle through the latter half of the summer towards the autumn, for many, this time of year means thinking about returning to work and considering how to handle the daily grind."

He said firms could do a number of things to improve their business, including adopting more efficient technology.

Belfast Telegraph