Nearly half of SMEs expect 2023 revenue rise – Premium Credit

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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

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