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Venture's Cashflow Barometer Reports Encouraging Growth

Small businesses may actually be undergoing a tentative recovery, according to a new report from premier Invoice and Asset Based Lender, Venture Finance. Released quarterly and providing up-to-date information on the financial performance of UK small business, Venture’s ‘Cashflow Barometer’ reports significant increases in turnover and customers, as well as an increase in both export activity and in sectors identified by the Government as vital to economic recovery.

The growth in turnover signals a tentative boost for the UK’s small business sector. Following a recessionary drop of 10.5% between 2007 and the end of 2009, average turnover for UK small businesses has increased by 16.2% between the end of 2009 and Q2 2011. Elsewhere, the average number of customers per business has rallied by 5.8% to Q2 2011 to a healthy 25.6 customers on average.

Venture’s Cashflow Barometer has also identified development in the manufacturing and engineering sectors, which have enjoyed a growth of 32% and 19.1% respectively between 2009 and Q2 2011. Export levels have also seen an encouraging increase, as average small business turnover has almost returned to pre-recession levels. “This is just what the economy needs,” said Venture Managing Director Peter Ewen. “While tentative in some respects, small businesses have worked very hard since 2009 and have enjoyed increasing success as a result.”