Sub-£100m businesses show optimism

A survey of 172 entrepreneurs in the UK has found that one-third expect revenue and profits growth of more than 20% over the next 12 months.

The research, commissioned by Bowmark Capital, a UK buyout player that targets companies with enterprise values of between £10-75m, was carried out in September and October 2007 and was directed at MDs and CEOs of companies in the £10-100m turnover range.

While Charles Ind from Bowmark cautioned against seeing this as evidence of abundant optimism in the SME space as he believes the situation has since worsened, he remarked that "there is an element of scaremongering across the wider press". He added: "Bad news is better than good news." (Page 10).

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