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Go your own way

For UK owner-managed businesses, staff skills, domestic expansion and investment in new tech are among the top priorities, finds Jason Sinclair.

The continued health of owner-managed businesses (OMBs) is vital for the UK economy. To that end there is positive news in Moore Stephens’ latest OMB survey, published earlier this year. Business owners are confident they will hit profit and revenue targets in the medium term, with the majority forecasting increased turnover and net profitability for this year.

Of the OMBs surveyed, 77% were confident of the outlook for this year, 7% up on last year, while two thirds expect the outcome for this year to be an improvement on 2015.

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