According to a survey conducted by SmallBusiness.co.uk, most small business owners are confident that the worst of the recession has already passed. Over half of the respondents reported improvements in trade, or that business was starting to plateau.
110 business-owners participated in the poll, whereby just 48 percent reported a decline in trade. This follows The British Retail Consortium’s survey, which reported a 4.6 percent increase in sales in April compared to last year.
The proprietor of The Property Search group, Andy Percival, says that, although the market has yet to pick up, it is no longer nose-diving at the same rate.
Percival predicts that clear improvements in the market won’t come until spring next year. Nonetheless, he says that the general view held by industry-insiders is that the current trading climate is ‘not as scary’ as it was at the end of last year.