In collaboration with Smart Data Foundry and The Centre for Economics and Business Research (Cebr), the latest iteration of the Sage Small Business Tracker has been launched (see here for the previous version).
The Tracker continues to analyse anonymised Sage Accounting and Payroll data of over 130,000 UK Small and Mid-sized Businesses (SMBs) and looks at how they are performing in real terms in the current economic climate. The anonymised data set includes SMBs from all regions across the UK, including Northern Ireland, Scotland, and Wales with annual revenue of between £0 – £200,000 + .
The latest Sage Small Business Tracker reveals that small businesses are maintaining momentum, with average annual profit growth remaining elevated when compared to the past two years. This performance aligns with the broader UK economy, which recorded 1.0 % year-on-year growth in Q3 – its strongest quarterly expansion since Q4 2022. Profits increased across all UK regions in the quarter, led by the East of England.
Q3 2024 – top findings
Download the report for the full analysis.
