2025 will be promising for SMEs,says Lamont Pridmore Accountants

2025 will be a good year for small and medium-sized enterprises (SMEs) as new research shows an average revenue increase of 11.5%, Lamont Pridmore Accountants said.

Despite some initial misgivings about the future from some corners of the SME world, recent findings from Intuit QuickBooks, the University of London, and the Association of Chartered Certified Accountants (ACCA) show revenue is growing among SMEs – especially where they have support from an accountant.

According to the study, this boost is particularly notable across various company sizes, from sole traders to medium-sized enterprises, indicating the extensive impact of expert financial guidance.

For businesses employing 100-250 staff, the average annual revenue increase is £553,009. Enterprises with 10-49 employees experience an average increase of £180,157 per year. For sole traders, the average annual revenue boost is £6,176.

The firm’s CEO Graham Lamont said that the research underscores the critical role of accountants in not just safeguarding businesses from tax and compliance risks, but also substantially enhancing business performance and the wealth generated for owners. SMEs engaging with accountants have demonstrated robust improvements in financial reporting, increasing their eligibility for bank loans and Government support.

Lamont said: “If you haven’t yet engaged with an accountant, let 2025 be the year you start. It’s an investment that pays dividends in revenue growth, financial stability, and strategic business insights – and we have the evidence to prove it.”