2025 is looking optimistic for SMEs that have support from their accountants, according to new research

Lamont Pridmore - Accountants

Lamont Pridmore Accountants say 2025 looks optimistic for small and medium-sized enterprises (SMEs), backed by compelling new research.

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, businesses leveraging accountants report an impressive average revenue increase of 11.5 per cent.

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 first Labour Budget introduced changes that left the business community reeling, with hikes in minimum wage and employer National Insurance contributions posing new challenges, especially for sectors like retail, tourism, and food and drink.

However, Lamont Pridmore is responding proactively by devising tailored financial action plans and tax strategies to mitigate these impacts.

The practice has a long history of demonstrating an incredible return on investment for its clients who use its services, as the firm’s CEO Graham Lamont explains: “Our focus is on delivering value that far surpasses the cost of our services.

“For instance, our clients on average receive benefits more than three times the fees they pay, through strategic tax planning, financial management, and comprehensive business advice.”

Graham says 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.

As 2025 approaches, Lamont Pridmore is committed to empowering more businesses to harness these benefits.

“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,” Graham added.

For detailed insights and to discuss how Lamont Pridmore can help your business thrive in the challenging economic landscape of 2025, please get in touch.

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