Nottingham accountant Jill Evenden of local firm EBS is predicting a rise in instructions from local SMEs in the wake of business surveys signposting increased confidence and strong growth amongst businesses.
Jill Evenden says that as businesses grow, they will need additional support with a host of accountancy services, in particular tax planning, a specialist field for the team at EBS.
The firm, based on Nottingham’s Barker Gate, is itself poised for growth, with plans for a number of new roles, beginning with the appointment of a senior qualified accountant.
“The findings of a number of recent surveys have highlighted the return of confidence and optimism for growth and sales amongst UK and Nottingham businesses, at a level not seen since 2007,” comments Jill.
“Hand-in-hand with this rise in optimism comes the prospect of growth, perhaps through merger, acquisition and/or external finance. Businesses must ensure their tax planning is relevant and bang up to date, as well as their plans for exiting the business.”
Last week, The Derbyshire and Notts Chamber of Commerce released the findings of its local business benchmark survey, which revealed that more than half of local businesses are forecasting an increase in profits this year, are looking to create new jobs and take on staff, and that sales and orders are on the rise.
A Lloyds Banking Group survey said that UK business confidence is at a 20-year high, the EEF reported that two-fifths of manufacturing companies plan to raise investment over the coming months, whilst Deloitte’s survey of finance directors identified a returning appetite for risk with easier access to bank lending on the cards.
“On the ground in Nottingham, this renewed confidence and growing activity is certainly evident amongst our clients, the majority of which are established SMEs and OMBs in sectors including creative, manufacturing and construction,” adds Jill.
The firm provides a dedicated accountancy service across a comprehensive range of services, from completing basic accountancy activities, payroll, book keeping and credit control, to detailed consultancy, tax planning, year end, auditing services and outsourcing to provide effective management information.
