- 33% of UK SMEs are making a good profit and 55% have plans to expand
- The most profitable location to run a small business is in the West Midlands where 52% of firms are making a good profit
- Younger business owners are more profitable and more hungry to expand
- 84% of larger SMEs plan to adopt new technology, like AI in the new tax year
April 2025: As SMEs across the UK navigate the end of the tax year and brace for an ‘awful April’ of rising bills, driven by fiscal changes such as minimum wage increases and national insurance contributions, a recent survey by Purbeck Insurance Services offers a more optimistic outlook. The survey of small business decision makers from across the UK found that a third of SMEs are already making a good profit and more than half (55%) have plans to expand their business this year. Age and postcode matter, however, and younger business owners in the West Midlands are currently painting the brightest picture of business success.