Nearly half of SMEs expect 2023 revenue rise – Premium Credit

Thumbs up

New research by Premium Credit revealed that nearly five times more SMEs expect their businesses to grow than shrink in the year ahead.

Research from the Premium Credit Insurance Index, which monitors insurance buying and how it is financed, found 49% of SMEs are predicting an increase in revenue in the next 12 months as business optimism builds.

About one in seven are forecasting revenue growth of 25% or more, according to the premium finance provider. 

Only 10% of companies questioned are predicting revenues to shrink in the year ahead, with 17% saying they will stay the same.

A quarter were unable to forecast what will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

My Insurance Downtime: Clear Group’s Dawn Dalby

Clear Group’s Dawn Dalby offers us a window into her life outside of insurance including her addiction to Married At First Sight, becoming a fan of Jeffrey Archer during jury service when 19 and a preference for winter comfort food.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: