The Sage Group plc (FTSE: SGE), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, today issues a trading update for the three months ended 31 December 2022.
Analysis by the Centre for Economics Business Research (Cebr) for Sage forecasts that the number of SMBs in the UK will increase by 342,000 by 2025.
SMBs’ financial turnover is projected to increase by £160 billion in the same period - outperforming the expected growth rate of turnover in larger businesses each year.
Analysis assesses data from previous recoveries, including the impacts of the Global Financial Crisis, then forecasts growth trends over the next 3 years.
Sage intends to evolve its financial reporting by giving greater emphasis to underlying revenue and profit measures, and by amending the presentation of its regional reporting.
New research from Sage and International Chamber of Commerce (ICC) reveals: small and medium-sized enterprises (SMEs) are generating 44% of the UK’s non-household greenhouse gas emissions; SMEs want to be greener but 90% feel restrained by obstacles such as cash flow and difficulty finding the right solutions to improve their environmental impact; only 36% of SMEs have publicly communicated a net-zero target as part of their efforts to fight climate change
