Small businesses in Scotland are growing in confidence.
A recent survey by the Federation of Small Businesses suggests that confidence is at a three year high. Three in ten firms surveyed also said that they intended to increase capital investment.
Andy Willox, the FSB's Scottish policy convener, said the findings "suggest a fledgling Scottish small business recovery is under way".
He added: "Increased revenues and reduced levels of spare capacity suggest that firms are busier than they have been for a long time, but their profits and growth prospects continue to be put under threat by rising overheads.
"There's still a lot to be done to ensure that small business reap some of the benefits from all of their extra effort."
Whether you are starting up a new business venture, looking at buying premises, taking on a commercial lease or developing a new business strategy we will be able to assist you. Blair Cadell deliver large firm service levels at competitive low cost.
Local Start Up News
- The Float Yard, an Edinburgh based technology start-up has recently raised £110,000 to develop a cash flow app aimed at entrepreneurs and small business owners.The company will use the funds to expand its software product, Float, to connect with popular accounting packages such as Sage and QuickBooks. The company was founded by chief executive Colin Hewitt and Philip Roberts in October 2010.
- Scots-born entrepreneur Andy Meikle launched his social network for sports fans, Sportlobster, in April. His idea has now recieved extensive interest from the online betting industry. Last week the 28-year-old raised over half a million pounds from Wychwood Capital Partners, a private equity firm based in Luxembourg.
- Two edinburgh-based 19 year-olds are taking the comfort food world by storm. iamhungover.co.uk was started two and a half months ago by budding entrepreneurs Zishan Ashraf and Harley Mitscavitch. The site promises to deliver fry-ups, fast food, soft drinks and anything else customers request to their doors for £4.99. The business has recently attracted a five-figure investment from an American businesswoman - prompting the two men to give up their in their roles with a top Edinburgh law firm and move into a Leith office to concentrate on scaling their business.
Blair Cadell can advise on all methods of business start and set up including related tax and accountancy services.